Fantastic start to the week with our trading idea playing out to perfection.
We got the retracement into the zone we identified with the perfect bounce, as highlighted by us on the chart, hitting all our Bullish targets. We now have a weighted lock opening 1977, as a target. However, a close above 1971 will solidify the confirmation.
We took our buy trade from the dip and trailed upto our level for a safe exit. We will not chase the remaining target unless we get another dip to support.
Each of these structure give 20 to 40 pips bounces, which is enough for a nice entry and exit, The added safety of buying dips gives us the safe exit to manage swings.
All the levels and structures are still active and therefore we will continue with our plans to buy dips and track the movement level to level, as our long term projection still remains Bullish.
BULLISH TARGETS 1960 - DONE 1965 - DONE
EMA5 CROSS AND LOCK ABOVE 1965 WILL OPEN THE FOLLOWING BULLISH TARGETS 1971 1977 AND POTENTIALLY 1983
BEARISH TARGETS 1951 - DONE 1946
EMA5 CROSS AND LOCK BELOW 1946 WILL OPEN THE SWING RANGE
SWING RANGE 1932 - 1923
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!