On the 12-hour timeframe, MGC has returned to the upper boundary of the horizontal range established since April 14, 2025. A surge in positive volume on August 7 was preceded by a sharp uptick beginning August 6, followed today by noticeably shallower volume—suggesting volume exhaustion and a potential pause or retracement.
Given today is Friday, profit-taking pressure may materialize following the rapid ascent that began with the breakout above the intermediate 3,400–3,440 zone on August 6. With no major macroeconomic events scheduled that could fuel further upside momentum, a pullback becomes a plausible scenario.
Illustrative Setup: A Sell Limit entry is considered around the 3,500 mark, with a Stop Loss at 3,550—matching the April 25 all-time high—and a Take Profit at 3,360, which aligns with intermediate support within the larger range. This setup offers a risk-reward ratio of approximately 2.8:1, assuming price reacts to overhead resistance and reverts toward the range’s mid-zone.
This analysis is provided solely for educational and entertainment purposes and does not constitute any form of financial or investment advice. Always manage your risk and trade responsibly.
Given today is Friday, profit-taking pressure may materialize following the rapid ascent that began with the breakout above the intermediate 3,400–3,440 zone on August 6. With no major macroeconomic events scheduled that could fuel further upside momentum, a pullback becomes a plausible scenario.
Illustrative Setup: A Sell Limit entry is considered around the 3,500 mark, with a Stop Loss at 3,550—matching the April 25 all-time high—and a Take Profit at 3,360, which aligns with intermediate support within the larger range. This setup offers a risk-reward ratio of approximately 2.8:1, assuming price reacts to overhead resistance and reverts toward the range’s mid-zone.
This analysis is provided solely for educational and entertainment purposes and does not constitute any form of financial or investment advice. Always manage your risk and trade responsibly.
交易結束：目標達成
The trade played out as expected and profit target set at 3,360 was hit for a gain of 2.8R. This trade is over.
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