End of day update from us here at KOG:
This morning we identified the structure and the support level of 1975-80 which gave the entry for the long trade up into the Excalibur targets which were smashed. As per the bias and the KOG Report the move now to the upside is complete, however, we have the extension of the move potentially yet to come. For that reason we will remain with the bias and level to level on the long trades for now at least.
Immediate support now stands at 2003-5 which is now where the bias (bullish above) moves to. First level above the 2030-35 level looks like a reasonable target and above that the 2060-65 as long as the trend is in play.
This morning we identified the structure and the support level of 1975-80 which gave the entry for the long trade up into the Excalibur targets which were smashed. As per the bias and the KOG Report the move now to the upside is complete, however, we have the extension of the move potentially yet to come. For that reason we will remain with the bias and level to level on the long trades for now at least.
Immediate support now stands at 2003-5 which is now where the bias (bullish above) moves to. First level above the 2030-35 level looks like a reasonable target and above that the 2060-65 as long as the trend is in play.
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We could simply draw lots of lines on a chart, one of them is bound to "get hit" and then feel good about what we share.
We take you Level to Level, point to point, up and down hitting targets with illustrated movement. Detailed analysis, detailed daily reviews with key levels and KOG Reports that have reputation in this industry.
Please do take the time to go through the ideas and hit like on the TradingView posts. 🙏
"Think like retail, trade like the bank" KOG
End of day update from us here at KOG:
Typical pre-event price action now in play with the price starting to range and spiking up and down. We should start seeing this settle after the Asia session and see price stay close to the MA's, unless there is some news to drive it.
We'll stick with the plan for now looking for the lower support level to test the long trade based on the price action when and if we get there. For now, we're still bullish above completing the 2030 target we had but won't be going long up here.
4H chart shows the potential range for the rest of the week.
Typical pre-event price action now in play with the price starting to range and spiking up and down. We should start seeing this settle after the Asia session and see price stay close to the MA's, unless there is some news to drive it.
We'll stick with the plan for now looking for the lower support level to test the long trade based on the price action when and if we get there. For now, we're still bullish above completing the 2030 target we had but won't be going long up here.
4H chart shows the potential range for the rest of the week.