GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
As you can see our levels on this chart are being respected perfectly with each of our weighted levels giving us the bounces and rejection to be able to track and trade the movement level to level.
After completing 2040 we got another retest on the retracement range, which gave the bounce into 2036.
We then had another re-test at the retracement level 2030, as no break above 2036. EMA5 crossed and locked below 2030 opening 2022 Goldturn, which was hit and gave a nice bounce now heading into 2036, which is now re-open.
We have 2040 at the range top that will need to break and lock to see the range above and 2015 at range bottom holding the structure. Price is likely to bounce and play in this range with our Goldlturns providing the bounces and rejections.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2030 - DONE
2040 - DONE
EMA5 CROSS AND LOCK ABOVE 2040 WILL OPEN THE FOLLOWING BULLISH TARGET (NO CROSS AND LOCK)
2048
2055
BEARISH TARGETS
2030 - DONE
EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE
SWING RANGE
2015 -DONE
2007
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
Mr Gold
