We have also broken 1961 with EMA5 and candle body close, which opens the upper range. We will look for some retracement down to the 1961 level to confirm the movement up.
We have updated the targets and swing range,
TARGETS - 1969, 1976 AND 1984
RETRACEMENT RANGE BETWEEN 1952 AND 1961 (IDEALLY 1961)
SWING RANGE 1944
Markets are volatile and although we have targets above we must expect swings and therefore taking positions from support levels and banking 20 to 40 pips at a time will protect us from swing traps. We will now wait for price to establish on this range with some retest to start directly targeting those levels. EMA5 break and close above 1969 will confirm the upper targets again. As always we will keep you all updated with regular updates on any changes to our plans throughout the day.
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