MGTRADES

MGTRADES

REASON FOR BIAS - BEARISH CYPHER PATTERN - PRICE TRADING BELOW DIAGONAL RESISTANCE - DESCENDING TRIANGLE - PRICE TESTED BUT DID NOT BREAK DAILY RESISTANCE STOP @0.9480 ENTRY @0.940

MGTRADES Updated 

REASON FOR BIAS ;- WEDGE FORMED AFTER BEARISH TREND PRICE IS TRADING BELOW DAILY RESISTANCE STOP - 1.1180

MGTRADES Updated 

REASON FOR BIAS - GARTLEY PATTERN FORMATION - A - C LEG COMPLETED, SHORTING TO D - DESCENDING TRIANGLE - PRICE TRADING BELOW DIAGONAL TREND LINE

MGTRADES Updated 

BIAS BEARISH CYPHER DESCENDING TRIANGLE PRICE TRADING BELOW RESISTANCE

MGTRADES Updated 

REASON FOR BIAS - PRICE TRADING BELOW MONTHLY SUPPORT - BEARISH GARTLEY PATTERN COMPLETED DRAWBACK; RESISTANCE HAS NOT YET BEEN TESTED STOP: @1.3160

MGTRADES

REASON FOR BIAS - BEARISH CYPHER PATTERN - DESCENDING TRIANGLE - PRICE TRADING BELOW DIAGONAL RESISTANCE

MGTRADES Updated 

BAT PATTERN FORMED INSIDE DESENDING TRIANGLE, HOPING TO SEE A REVERASAL FROM THE UPPER TREND LINE WHICH CAN ACT AS A NEW X - A LEG FOR A NEW ADVANCED PATTERN, DECLINE OF THE MOVEMENT IS 177.50, IF THE MARKET EXCEEDS THIS POINT I'LL BE OUT. SHORT ACCORDING TO RISK MANAGEMENT REFERENCE: @DAKIK (Didn't notice this movement until they mentioned it, good shout)

MGTRADES Updated 

CYPHER FORMED INSIDE ASCENDING TRIANGLE, PRICE IS TRADING BELOW THE RESISTENCE, ANITCIPATING A BEARISH MOVEMENT TOWARDS 1.11521 WHICH IS MY TP STOP 1.1240

MGTRADES Updated 

GARTLEY PATTERNED FORMED, IF THE TREND LINE GETRS BROKEN IT SHOULD GO TOWARDS THE NEXT SUPPORT, OR IT CAN BOUNCE OFF THE TL AND HIT THE RESISTANCE TP : 115.60 STOP: 116.15

MGTRADES Updated 

- D LEG ON BAT PATTERN COMPLETED - CONFLUENCE WITH TREND LINE AWAITING A BEARISH MOVEMENT TOWARDS SUPPORT

MGTRADES Updated 

Cypher pattern completetion, shorting from D Take profit 0.88000 stop loss - 0.8923

MGTRADES

CYPHER PATTERN FORMED WITH A EXTENDED CONTRACTION, STOP LOSS 116.45 , TAKE PROFIT 116.06 OR ANYWHERE NEAR.

MGTRADES Updated 

GARTLEY PATTERN PLAYED OUT, PLACED A LONG POSITION STOP LOSS 0.9845 TAKE PROFIT 0.9934

MGTRADES Updated 

STOP LOSS 1.46490 TAKE PROFIT 1.43935

MGTRADES Updated 

CYPHER PATTERN FORMED , EXPECTING A BEARSHISH MOVEMENT STOP 1.40800 TAKE PROFIT 1.39931

MGTRADES Updated 

CYPHER PATTERN FORMED, GONE LONG ON THE C -D LEG, LOOKING FOR PROFIT TOWARDS 1.21 EXTENSION, IF THE MARKET FALLS BELOW 117.01 I AM OUT, TIGHT STOP LOSS BUT I DONT MIND KEEPING MY LOSES SMALL

MGTRADES

CYPHER PATTERNED FORMED, GONE LONE ON THE B - C LEG, TARGET IS THE 1.27 EXTENSION , STOP IS PLACED AT 117.01

MGTRADES Updated 

Gartley patterned formed, market should look to fulfil C - D Leg as long as it does not break support.