Hey Everyone,
A piptastic day for us once again!!!!!
As you can all see, our chart idea played out to perfection in true level to level form. We got the retracement test at 1965, which gave the reactional bounce we expected, following onto hitting our Bullish targets at 1978, 1989 and 2003 in the new range - BOOOOM!!!!
We have a gap on this range due to the 1989 weighted level break to 2018 but will need to see ema5 cross and lock above 2003 to further confirm the gap.
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
1978 - DONE
1989 - DONE
EMA5 CROSS AND LOCK ABOVE 1989 WILL OPEN THE FOLLOWING BULLISH TARGET
2003 - DONE
2018
BEARISH TARGETS
1978 - DONE
EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE RETRACEMENT RANGE
1965 - DONE
EMA5 CROSS AND LOCK BELOW 1965 WILL OPEN THE SWING RANGE
SWING RANGE
1935
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
XAUUSD TOP AUTHOR
A piptastic day for us once again!!!!!
As you can all see, our chart idea played out to perfection in true level to level form. We got the retracement test at 1965, which gave the reactional bounce we expected, following onto hitting our Bullish targets at 1978, 1989 and 2003 in the new range - BOOOOM!!!!
We have a gap on this range due to the 1989 weighted level break to 2018 but will need to see ema5 cross and lock above 2003 to further confirm the gap.
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 for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
1978 - DONE
1989 - DONE
EMA5 CROSS AND LOCK ABOVE 1989 WILL OPEN THE FOLLOWING BULLISH TARGET
2003 - DONE
2018
BEARISH TARGETS
1978 - DONE
EMA5 CROSS AND LOCK BELOW 1978 WILL OPEN THE RETRACEMENT RANGE
1965 - DONE
EMA5 CROSS AND LOCK BELOW 1965 WILL OPEN THE SWING RANGE
SWING RANGE
1935
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
XAUUSD TOP AUTHOR
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