MGC Short 11/3/2024
MGC is in a downtrend in 4hr chart with a cross below, retest and follow through (FT). Placed a short position in 1hr HV confluence SZ. Taking half risk because daily and 4hr trends don't match. Also, price is rallying from daily DZ (Blue box). Risk= $125. Target= 1:1 and 3:1.
Order cancelled
Price didn't hit the zone.
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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.