Another great day on the charts with our 4h chart also playing out to perfection!!! Yesterday we completed our 1H chart idea and today we update our 4H chart ideas from Sunday.
We started the week with our bearish target hit at 2772 for a perfect touch with no lock confirming the rejection ad bounce into hitting our Bullish target at 2800. We then got our next target at 2826 followed with a cross and lock opening 2852, which was hit perfectly and then finally we got ema5 lock above 2852 opening 2875, which was hit today completing this target.
This is pure level to level perfection with plenty of confirmation in advance to get in for the action. We will now look for a lock above 2875 for a continuation or failure to lock above will see lower Goldlturns tested for support.
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 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 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.
BULLISH TARGET 2800 - DONE
EMA5 CROSS AND LOCK ABOVE 2800 WILL OPEN THE FOLLOWING BULLISH TARGET 2826 - DONE
EMA5 CROSS AND LOCK ABOVE 2826 WILL OPEN THE FOLLOWING BULLISH TARGET 2852 - DONE
EMA5 CROSS AND LOCK ABOVE 2852 WILL OPEN THE FOLLOWING BULLISH TARGET 2875 - DONE
EMA5 CROSS AND LOCK ABOVE 2875 WILL OPEN THE FOLLOWING BULLISH TARGET 2898 -
BEARISH TARGETS 2772 - DONE
EMA5 CROSS AND LOCK BELOW 2772 WILL OPEN THE RETRACEMENT RANGE 2744 - 2712
EMA5 CROSS AND LOCK BELOW 2712 WILL OPEN THE SWING RANGE
SWING RANGE 2685 - 2655
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!
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Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.