Celi_MGD

Celi_MGD

Fib 78.6 is the Possible Retracement Zone for us, which completes the Pattern. Stop losses maybe put at Fib 88.6. Tp 1 50 pips @ current price, Tp 2 100 pips @ current price.

Celi_MGD

After a possible retest on the Possible Retracement Zone. We formed a double bottom and we shall continue up.

Celi_MGD

The trade reached Fib 88.6 and has failed to breakout. The Zone between Fib 88.6 and 78.6 has been a trap zone so far. PRZ has been confirmed by a hanging man.

Celi_MGD

After a price rejection, and failure to break the resistance, we go short.

Celi_MGD

The bullies are failing to break Fib 88.6 which is our Possible Retracement Zone. We go short.

Celi_MGD

We completing the left shoulder then we wait for the breakout at the neck.

Celi_MGD

After a type 1 retest on Fib 161.8 we have retested fib 138.2 as a type 2 retest to form a lower high. Short positions are confirmed.

Celi_MGD

The bearish momentum failed to close below Fib 88,6. Our Possible Retracement Zone (PRZ). Long positions have been confirmed.

Celi_MGD

Type 2 retest on Fib 127. Which is our Possible Retracement Zone. We have also formed a Double Top on H4. We going short.

Celi_MGD

There is a Possible Retracement Zone at Fib 88.6. The trade broke Fib 78.6 and if it closes above Fib 88.6 that will be confirmation for valid Gartly pattern. Wait for the close of the D1 candlestick or place a bus stop @0.87595.

Celi_MGD

The new candlestick is trading at Fib 127 which is our Possible Retracement Zone (PRZ). We also have a bearish trendline at Fib 138.2 where we expecting a retest before retracement. Go short after retest.

Celi_MGD

This is a typical example of an ABCD pattern. Point A is a Higher high on H4. Point B is a Lower high. Point C is a retracement of Leg AB to Fib 61.8. The completion of Point D is an extension beyond point B to Fib 127.2.

Celi_MGD

After a successful break of H4 resistance at Fib 100. The price is yet to test Fib 127 to complete leg D of the ABCD pattern. Sell limit @1.31669.

Celi_MGD

After the uptrend hit Fib 127, we have completed our D leg which is the Possible Retracement Zone (PRZ).

Celi_MGD

After RBA news we hit Fib 127 to confirm our D leg which is the Possible Retracement Zone. Enter long.

Celi_MGD

After a consolation on H4. We are ready to go long. Momentum has also build up.

Celi_MGD

The market has finally hit Fit 127.2 which is our PRZ. Another confirmation of ABCD pattern developing to boost our long position. We will wait for a bounce back on the resistance.

Celi_MGD

After a fail to break Fib 138.2. All bearish movement have been rejected. Momentum has build up to go long.