Following on from yesterdays update another PIP-TASTIC day on the chart for us, with our bullish targets being hit with confirmation, to give us plenty of time to get in for the action.
After completing yesterdays targets, we advised of the ema5 break and lock above 2143 opening, 2153, 2159 and potentially 2167 if momentum allows.
Today we got the 2153 and 2159 HIT perfectly and just short of the momentum target of 2167 where momentum finished off at 2164.
2143 is now our range support. Any retracement that supports above 2143 will likely give us a retest of the targets today and if we get enough momentum then completion of the momentum target at 2167. However, a break below 2143 support level will open the range below.
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 2125 - DONE
EMA5 CROSS AND LOCK ABOVE 2125 WILL OPEN THE FOLLOWING BULLISH TARGETS 2133 - DONE 2143 - DONE
EMA5 CROSS AND LOCK ABOVE 2143 WILL OPEN THE FOLLOWING BULLISH TARGETS 2153 - DONE 2159 - DONE POTENTIALLY 2167 -
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!
Another fantastic job today 👏. Well done! TP after TP 😊