MGYtrader

MGYtrader

sell channel pressure: Resistance from the big channel (twice) and break the little channel (Bordeaux)

MGYtrader

Confluence area: 1.Retest orange channel after broken 2.Support from Ascending TL (purple)

MGYtrader Updated 

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MGYtrader Updated 

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MGYtrader Updated 

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MGYtrader

Short because: 1.Retest Daily TL after broken 2.Daily Resistance zone 3.local channel break and retested 4.engulfing candle on W and M Entry: Break the H&SH pattern, (make LH)

MGYtrader

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MGYtrader Updated 

Short because: 1.Impulsive down move after touch daily TL 2. Correction structure (black channel) 3. Resistance from Last daily zone was broken (green) 4. Fib level - 50% 5.Potential H&SH pattern \ Double top Entry: Break correction structure and complete the pattern

MGYtrader

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MGYtrader Updated 

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MGYtrader Updated 

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MGYtrader

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MGYtrader

Confluence area: 1.Resistance from Daily TL after break(Green) 2.Resistance from the Blue channel 3.Resistance Zone (purple) Entry: 1.Break local channel (pink) (Wedge Pattern) 2.Make LH + LL

MGYtrader Updated 

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MGYtrader Updated 

looking good but looking for more than 1:1 RR, so i'm not trade here. (if was fake-out from channel, good probability for break the channel)

MGYtrader Updated 

Short because: 1.Impulsive down move after Retest the Daily TL retest (green) 2.Resistance from potential local TL(blue) 3. engulfing candle on Weekly + Hunting Entry: Break correction structure.