Hey Everyone,
After completing this chart idea last week, we stated that we wanted to continue to share an update on this, as its still playing out by falling back into the range.
We also stated that whenever we see a breakout outside of our unique Goldturn channels; I always state that, when price does a correction, we look for support outside of the channel top.
- This played out perfectly, and although we saw price break back into the channel, you can see ema5 failed to break into the channel and created a Goldturn just above the channel top, highlighted by the circle, confirming the rejection and bounce into the bullish targets completing the levels above.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. This enabled us to identify the fakeout into the channel using ema5 and gave the confirmation for the bounce.
This chart idea is now complete!. We will now update a new daily mid/long term chart idea next week.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
After completing this chart idea last week, we stated that we wanted to continue to share an update on this, as its still playing out by falling back into the range.
We also stated that whenever we see a breakout outside of our unique Goldturn channels; I always state that, when price does a correction, we look for support outside of the channel top.
- This played out perfectly, and although we saw price break back into the channel, you can see ema5 failed to break into the channel and created a Goldturn just above the channel top, highlighted by the circle, confirming the rejection and bounce into the bullish targets completing the levels above.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. This enabled us to identify the fakeout into the channel using ema5 and gave the confirmation for the bounce.
This chart idea is now complete!. We will now update a new daily mid/long term chart idea next week.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
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🪙 JOIN OUR DISCORD FOR BACKUP 🪙
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🪙 JOIN OUR FREE TELEGRAM GROUP 🪙 t.me/GoldView_FX
🪙 JOIN OUR DISCORD FOR BACKUP 🪙
discord.com/invite/9ZrEHGuaE2
🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
🪙 JOIN OUR DISCORD FOR BACKUP 🪙
discord.com/invite/9ZrEHGuaE2
🏆MESSAGE US FOR VIP SIGNALS🏆
t.me/GoldviewFX
or
email goldviewfx@gmail com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.