GoldViewFX - Market Update

Hey Everyone,

Quick update from our analysis. We took a buy early on in the day and then we saw price break down to test our retracement and swing range. We took the chop and re-entered positions below buying dips just above 1940. No candle body below 1940 was a good sign to take buys from this level together with a fresh Goldturn created at 1944 was the second confirmation for the push up. We finished up covering previous positions and with profit!!!

We keep things transparent, wins or losses we share it!! This gives everyone a true picture of what to expect.

Our trading plan on this chart prepared us for managing the range using our retracement range and Goldturns to confirm the moves.

We have a EMA5 cross and candle body above 1952, which has left a target open at 1961. If we decide to Target 1961 a safer intraday exit will be 1958 as we also have a Goldturn on this level.

TARGETS
1952, 1960, 1969

RETRACEMENT RANGE 1940 - 1944

SWING RANGE
1927 - 1931

Th retracement range and swing range should always be considered and we share this daily to help manage risk. Staying within this range gives us confidence to layer entries. Only when this swing range is breached we will stop the layering and reset for a new setup. So far you can back test all our swing range and you will see they provided the perfect level of support.

Should this swing range break with a follow through into 1800s, we will take our exit and sit back to re-engage. Our strategy for this market condition to take 20 to 40 pips at a time, as always gives us a better chance to exit with the right risk management with room to come back in again.

We remain buying dips and as always we will keep you posted with updates. Please don't forget to like, comment and follow to support us, we really appreciate it!

GoldViewFX
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