GoldViewFX - 4H CHART MARKET UPDATE

Hey Everyone,

Another piptastic day of trading for us with all our chart ideas playing out. We caught the ride up from the retracement zone twice now, as per the levels and pre marled arrows on our idea.

LAST UPDATE ON THIS 4H CHART
We got our first target on our 4H chart idea at 1922, which is our resistant structure. As stated on our chart, we need to see EMA5 cross and lock above 1922 to open the upper levels. We also advised that If we see this area resist, we will possibly see movement into the retracement range. EMA5 has now failed to cross 1922, followed with the retracement starting to play out now.
Although we are seeing the rejection at the 4H chart resistance level , EMA5 has crossed and locked above the channel and the upper levels are also open on the 1h chart, which suggests we are likely to see another retest at this 4H chart resistance level at some point.
- (This has played out exactly how we analysed above, with getting the retracement precisely to also identifying the break of the channel, confirming the need for a retest back up. This allowed us to ride the movement up from the retracement range twice - BOOOM !)

We will need to see a break above ema5 cross and lock above 1922 on this chart to get another clHean run into the upper levels and our 1H chart idea has already opened the doors above.

We will track and trade the movement level to level using our EMA5 cross and lock strategy to confirm the movement and we will continue to buy dips from support levels to allows us to handle and manage swings safely.

EMA5 CROSS AND LOCK ABOVE 1922 WILL OPEN 1932, 1941, 1950 and 1964

BULLISH TARGETS
1922 - DONE
1932 -
1941 -
1950 -
1964 -

BEARISH TARGETS
1914 - DONE
1905 - DONE
1896 - DONE

EMA5 CROSS AND LOCK BELOW 1905 WILL OPEN 1896, 1880 and 1871.

SWING RANGE
1854

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!

GoldViewFX
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