MGTRADES

MGTRADES

Price failed to create a new high at the weekly resistance, then continued to decline and break the 4HT support at 113.68, anticipating more bearish momentum to daily sup 1. Confluence with lower highs and bearish spikes on daily time frame.

MGTRADES

Daily tweezer tops insinuating a bearish reversal followed by a open breaking the prior 4HT support. Anticipating price to continue to decline.

MGTRADES

Price previously tested resistance level but failed to break, lead to a minor pull which also failed to firm a bearish continuation. Due to the candle stick spikes on the daily time frame trading right above Daily support, I am anticipating bullish momentum to drive price back up to the second resistance level. In addition to higher swing lows on both daily and...

MGTRADES

Waiting for price to break 115.08 level to see a continuation of the down trend to the next weekly support, sentiment in confluence with candle stick pattern from multi time frames and new lower lows being formed on a daily with a descending triangle also forming. Enter 115.08 Stop 115.26 (-18 pips) TP 114.34 (+74 Pips)

MGTRADES

Price trading below resistance, a open below it could see a drop back down with the right liquidity during US opening.

MGTRADES

Price trading below daily resistance, if we see a close below should be anticipating a short trend.

MGTRADES

Price trading right above daily support, anticipating a up trend if 4hr candle closes above.

MGTRADES

Price trading right below weekly resistance, if we fail to see a break of a 4hour candle above 114.859, we could be anticipating a bearish movement.

MGTRADES

Price trading below weekly resistance, if it fails to open above we could be looking at a bearish trend before a rise to monthly resistance at a later stage.

MGTRADES

Daily candle failed to open above 114.80, anticipating a reversal if price continues to open below that level.

MGTRADES

Price trading below weekly resistance, looking for a open below 1.73711 for a bearish sentiment.

MGTRADES

- Price trading above weekly support - consolidation within monthly s&r - bullish sentiment

MGTRADES

Previously shorted this market on the resistance level, attempting to ride it back up to 0.75225.

MGTRADES

Price trading below hourly resistance, if we see a open below 0.7524 , anticipating a bearish move.

MGTRADES

Price trading below daily resistance, latest hourly candle opened below 0.7048 level. Anticipating down trend.

MGTRADES

Price trading below resistance, anticipating a downtrend.

MGTRADES

- PRICE TRADING ON SUPPORT, POTENTIAL UP TREND - IF NEXT RESISTANCE IS BROKEN, COULD SEEN A RALLY TO 112.64 (1ST TARGET) , IF BROKEN 113.26 NEXT POSSIBLE TARGET.

MGTRADES

DAILY RESISTANCE, COULD SEE BREAK OF THE RESISTANCE JUST TO WIPE OUT STOPS, IF NOT SHOULD BE A CLEAN RIDE BACK DOWN TO RECENT SUPPORT.