We got the swing range reaction we expected once again for another perfect swing and a lovely catch for us, from the bottom inline with our plans to buy dips.
We also got our Bullish targets at 2001 and 2012 now complete. 2012 is a weighted level and will need ema5 to lock above it to open the range above or failure to lock above will follow with a rejection back to support..
As stated throughout, our updated levels and weighted levels will allow us to track the movement down and then catch the 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 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 2012
EMA5 CROSS AND LOCK ABOVE 2012 WILL OPEN THE FOLLOWING BULLISH TARGET 2022 2034
BEARISH TARGETS 1990 - DONE
EMA5 CROSS AND LOCK BELOW 1990 WILL OPEN THE SWING RANGE 1978 - DONE
SWING RANGE - 1978 -1965
1978 - DONE
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!
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