Once again great start to the week with our chart idea playing out as analysed.
We got the drop into the highlighted retracement area and as stated yesterday we go the clean reactional bounce over 100 pips so far!!!!!!! 1978 is next stop!
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS 1978 1989
EMA5 CROSS AND LOCK ABOVE 1989 WILL OPEN THE FOLLOWING BULLISH TARGET 2003 2018
BEARISH TARGETS 1978 - DONE
EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE RETRACEMENT RANGE 1965
EMA5 CROSS AND LOCK BELOW 1965 WILL OPEN THE SWING RANGE
SWING RANGE 1935
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!