GoldViewFX - Market UDPATE

Hey Everyone,

Quick update on our plans and the market. Although a US holiday, we were able to BANK PIPS in true traditional fashion!!!!
Our target for 1912 is still open and as planned we are only taking buys from dips from support. We were expecting retracements down to 1884 levels of which we achieved 1887, which gave us nice buy entries that we banked on the push up again.

Although we have a target of 1912, taking buys from dips and getting out with 20 to 30 pips is the safest way to catch the ride. This gives us the opportunity to make more pips by taking exits and getting re-entries for the same target. This provides two advantages;

1. We get to milk more pips, as bonus for the same target and then the final TP.
2. Should the market reverse on us and plans change for our target to 1912, at least this way we were able to minimize potential losses by having the opportunity to bank a few times from the dips even without the final TARGET to TP.

We are only able to follow this setup confidently due to the current market structure.

1891 seems to have formed 3 recent Goldturns providing some strong short term support that may provide the momentum needed for our target. However we will manage risk according to the swing range.

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GoldViewFX
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