GoldViewFX - Market UPDATE

Hey Everyone,

We had some of our Bullish targets hit at early hours of Tokyo session with ema5 crossing 1802 leaving 1811 gap open. We had a buy signal just below which stopped out. First one after a long time. However, just like our wins we share our losses. We always have a risk management plan that allows us to absorb these and maintain profitability, this is part of being a professional trader.

We can easily say our chart has played out, as we highlighted the bearish targets, like most channels do, showing both ways and then saying they caught it, but we like to be transparent. Although our cart ideas showed targets below, we took the buy signal.

We are now seeing all the Bearish targets on our chart being HIT. The swing range is now also open leaving gaps open both ways. This is typical of news related momentum. Price is now heading towards ma200 for a touch which may provide some dynamic support. Overall if you zoom out of the chart, the structure remains Bullish, as we are still within the swing range. Therefore, we will look for price to find support before catching the movement up level to level.

As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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