We got the ema5 cross below 1851 with lock to open 1828. This was hit today completing the bearish target.
We took our 40 pip bounce on this weighted level inline with our plans to buy dips from these levels for a nice catch once again.
We will now look for support at 1828 for another bounce or a cross and lock below 1828 will confirm the range below. True level to level trading!!
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 the catch bounces up. As per our long term plan, we will use this strategy to then naturally fall into the wave and catch the trend change when the time is right.
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 last 18 months, you can see how effectively they can be used to trade with or against short terms swings and trends.
Bullish Target 1851 1870
EMA5 CROSS AND LOCK ABOVE 1870 WILL OPEN THE FOLLOWING BULLISH TARGET 1890 1907
BEARISH TARGETS 1928 - DONE
EMA5 CROSS AND LOCK BELOW 1828 WILL OPEN THE SWING RANGE
SWING RANGE 1810
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!