Once again our strategy played out perfectly with ema5 lock above 2125 opening 2133 and 2143, which was both hit perfectly today, as analysed completing our updated range targets.
We have now updated the levels above with Goldturns to accommodate the new range.
We are now seeing price break 2143 with ema5 lock to open 2153, 2159 and potentially 2167 if momentum allows.
2133 is our range support for now. Any retreatment that supports above 2133 will likely give us a retest of the targets today.
A break below 2113 support level will open the range below. However, support above here and we are likely to see a re-test of the levels above.
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
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!
Excellent job!