Hey Everyone,
As promised yesterday, we have updated new Goldturn levels to accommodate the range below form yesterday breakout with updated retracement and swing range.
1988 Weighted level is providing support and we have 1999 for the immediate resistance target due for a retest.
Both of these levels are weighted and we will need to see ema5 cross and lock on either level to open the next range.
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.
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
As promised yesterday, we have updated new Goldturn levels to accommodate the range below form yesterday breakout with updated retracement and swing range.
1988 Weighted level is providing support and we have 1999 for the immediate resistance target due for a retest.
Both of these levels are weighted and we will need to see ema5 cross and lock on either level to open the next range.
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.
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
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