Hey Everyone,
Please see our 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 4306 and a gap below at 4270, as support. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
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 20 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
4306
EMA5 CROSS AND LOCK ABOVE 4306 WILL OPEN THE FOLLOWING BULLISH TARGETS
4334
EMA5 CROSS AND LOCK ABOVE 4334 WILL OPEN THE FOLLOWING BULLISH TARGETS
4362
EMA5 CROSS AND LOCK ABOVE 4362 WILL OPEN THE FOLLOWING BULLISH TARGETS
4395
EMA5 CROSS AND LOCK ABOVE 4395 WILL OPEN THE FOLLOWING BULLISH TARGETS
4430
BEARISH TARGETS
4270
EMA5 CROSS AND LOCK BELOW 4270 WILL OPEN THE FOLLOWING BEARISH TARGET
4231
EMA5 CROSS AND LOCK BELOW 4231 WILL OPEN THE FOLLOWING BEARISH TARGET
4184
EMA5 CROSS AND LOCK BELOW 4184 WILL OPEN THE SWING RANGE
4150
4102
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Please see our 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 4306 and a gap below at 4270, as support. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
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 20 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
4306
EMA5 CROSS AND LOCK ABOVE 4306 WILL OPEN THE FOLLOWING BULLISH TARGETS
4334
EMA5 CROSS AND LOCK ABOVE 4334 WILL OPEN THE FOLLOWING BULLISH TARGETS
4362
EMA5 CROSS AND LOCK ABOVE 4362 WILL OPEN THE FOLLOWING BULLISH TARGETS
4395
EMA5 CROSS AND LOCK ABOVE 4395 WILL OPEN THE FOLLOWING BULLISH TARGETS
4430
BEARISH TARGETS
4270
EMA5 CROSS AND LOCK BELOW 4270 WILL OPEN THE FOLLOWING BEARISH TARGET
4231
EMA5 CROSS AND LOCK BELOW 4231 WILL OPEN THE FOLLOWING BEARISH TARGET
4184
EMA5 CROSS AND LOCK BELOW 4184 WILL OPEN THE SWING RANGE
4150
4102
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Trade active
Hey everyone,
Great to see our 1H chart idea playing out exactly as analysed.
We began the week by hitting our bullish target at 4306. After a solid cross and lock above 4306 we sae openning of the level at 4334, price moved lower to complete the 4270 bearish target.
The rejection was confirmed with no lock below, followed by a strong bounce that carried price back up to our open gap at 4334, giving us a perfect finish.
We’ll continue tracking these key levels using the EMA5 lock, and look to buy dips using lower Goldturn support levels.
Mr Gold
Trade closed: target reached
Hey everyone,
Please see the update on our 1H chart idea, which has played out exactly as analysed.
After our last update, following the completion of the 4334 Goldturn target, we saw a further EMA5 lock above 4334, opening the move toward 4362. That target was completed today.
From here, we will either:
See a rejection at this level, rotating back into the lower Goldturns for support and a potential bounce, or a further EMA lock to confirm acceptance of the range above.
Mr Gold
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
