This is our 1H chart once again playing out and respecting levels today, even with high volatility and FOMC.
The retracement support structure area is still providing the perfect bounce every time, inline with our plans to buy dips. No further changes to our plans, as we continue to track the movement until the structures highlighted on yesterdays post below breaks and locks to open the new range.
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 XAUUSD TOP AUTHOR
YESTERDAYS UPDATE
Hey Everyone,
Another piptastic day for us getting a repeat action of yesterday. We caught the buy from the first dip into 1966 once again for a perfect exit. 1966 is a weighted level so a failure to ema5 lock once again followed with a rejection now back into the retracement range clearing the bearish targets along the way.
We will now patiently wait to see if the retracement range holds or breaks with ema5 lock. Failure to lock and we should see another clean bounce up.
We will continue to see price play between the weighed levels 1966 or 1937, until one of the weighted level crosses and locks with ema5 to open the new range.
We will continue with our plans to buy dips and track the movement level to level.
Our long term projection still remains Bullish.
BULLISH TARGETS 1966 - DONE
EMA5 CROSS AND LOCK ABOVE 1966 WILL OPEN 1979
BEARISH TARGETS 1957 - DONE 1947 - DONE 1937
EMA5 CROSS AND LOCK BELOW 1937 WILL OPEN THE SWING RANGE
SWING RANGE 1918 - 1904
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!
Thanks so much for the update! I am trying to add your pitchfork to my chart for reference but so far I haven't been able to duplicate it. Is there any chance you could share the pitchfork coordinates with the rest of us?