MGTRADES

MGTRADES

Following a bullish spike on the weekly time frame, I;m anticipating price will continue with its bullish momentum, not only did it form a lower high on the daily time frame, price maintained above the 0.7050region. On the intraday chart, we got a rejection of 0.70821 in the form of a hammer with a spike insinuating that selling pressure is reducing. My target...

MGTRADES

Following the weekly bullish engulfing candle from last week, I'm anticiapting that this pair looks to reach its weekly high. Using the intraday four hour chart, price is rejecting the 1.3150-1.3140 region,if we remain above this level we could be looking to make a new high and reach towards 1.3300

MGTRADES

Price trading above support region right after a bullish spike on the weekly time frame, bullish continuation is my bias, with confluence from price trading at the bottom of a daily range, four hour confirms this bias by maintain 109.300.

MGTRADES

Short

MGTRADES

Short

MGTRADES

Short

MGTRADES

Trend line broken, price bounced off 0.5 fib retracement, anticipating more bullish momentum

MGTRADES

Price trading below 4ht 0.5 fib retrace, attempting to catch the reversal

MGTRADES

Break of daily res, anticipating more bullish momentum

MGTRADES

Clear break of daily sup 1, followed by a new lower low, anticipating more bearish momentum; short confluence with daily time frame.

MGTRADES

Lower lows followed by lower highs, with a daily res 1 break. Anticipating bearish continuation.

MGTRADES

Price broke daily res 1, after a period of consolidation. Confluence with higher highs followed by higher lows through daily & 4HT.

MGTRADES

BEARISH MOMENTUM, WEEKLY SUP BROKEN COULD SEE MORE BEARISH MOVEMENT TO WEEKLY SUP2

MGTRADES

Lower lows following lower highs with confluence on multiple time frames, anticipating more bearish momentum.

MGTRADES

Price trading below weekly sup, anticipating bearish continuation in confluence with lower highs, bare in mind possible pull backs,

MGTRADES

Multi time frame confirmation of bearish continuation, higher highs being formed in confluence of the short trend, price broke weekly res 1. Anticipating more bearish momentum.

MGTRADES

Price broke daily sup 1, anticipating bearish continuation complimented by lower highs on 4HT.

MGTRADES

Price bounced off weekly support, formed higher lows and higher highs, in addition to opening above 4HT res 1. Anticipating bullish sentiment to next res.