And another repeat of yesterday with our levels being respected to perfection.
We had another drop into the retracement range and once again, as stated for the perfect bounce into 2155 Goldturn and now once again heading towards 2166 Goldturn gap.
We just need to keep in mind a failure to break into the 2166 level will likely see the 2147 Goldturn support level test and break and open the swing range.
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 2166
EMA5 CROSS AND LOCK ABOVE 2166 WILL OPEN THE FOLLOWING BULLISH TARGETS 2175 2182
EMA5 CROSS AND LOCK BELOW 2147 WILL OPEN THE SWING RANGE
SWING RANGE 2137 - 2129
EMA5 CROSS AND LOCK BELOW 2129 WILL OPEN THE STRUCTURE SUPPORT
STRUCTURE SUPPORT 2113
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!