Hey Everyone,
After completing our 1H chart idea yesterday we now complete our 4H chart today with our final target at 2061 now HIT!!!
First we had ema5 cross and lock above 2022 confirming 2033, which was hit earlier this week and now we had the 2038 Goldturn level cross and lock opening 2051 and 2061, which was hit perfectly today!! - BOOOOM!!!
We have price resistance at 2061 and ema5 resistance at 2051. We will need to see EMA5 lock above 2051 to open the range above. Support at 2051 will provide the platform for another push up or a cross and lock below 2051 will open the Goldturns below for a correctional retracement.
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
2022 - DONE
EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET
2038 - DONE
EMA5 CROSS AND LOCK ABOVE 2038 WILL OPEN THE FOLLOWING BULLISH TARGET
2051 - DONE
2061 - DONE
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