• MGL was consolidating in a tight range for the last 7 months.
• It has formed a rising wedge.
• Last 1 months showing significant volume buildup confirming big boys already entered in the trade.
• Today it broke out the wedge with significant volume and strong hourly closing.
• A massive 480 points move is possible in positional bases.
• All the T1 (gap border 1689) and T2 (1986) mentioned in the chart.
• SL for position should be 1425.
• Currently a RR opportunity of 1:5.
• Please note the daily candle yet not closed. Wait for a daily candle closure and make a decision.
• Idea is for educational purpose and explore the price action learning with trading psychology.
• Have fun traders!!! 😊
• It has formed a rising wedge.
• Last 1 months showing significant volume buildup confirming big boys already entered in the trade.
• Today it broke out the wedge with significant volume and strong hourly closing.
• A massive 480 points move is possible in positional bases.
• All the T1 (gap border 1689) and T2 (1986) mentioned in the chart.
• SL for position should be 1425.
• Currently a RR opportunity of 1:5.
• Please note the daily candle yet not closed. Wait for a daily candle closure and make a decision.
• Idea is for educational purpose and explore the price action learning with trading psychology.
• Have fun traders!!! 😊
Trade active
Day candle closed above psychological level 1500. Trade activated. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.