Taco to 18? Short

U.S. Dollar/Mexican PesoFXCM

Description

⋅ Mar 19, 2017 5:34 AM

Bearish Ichi Cloud Signals
1. Price Below Cloud - Yes
2. Bearish Cloud - Yes, Kumo Twist on Previous Candle
3. Bearish T K Cross - Yes, but large disequilibrium
4. LS Below Cloud & Price - Yes

Broke 200EMA for the 1st time since July 2015
Broke Yearly Pivot cleanly

Comments

TRADERRX08

⋅ Mar 19, 2017 6:04 PM

I would like your opinion

IAmSatoshi

⋅ Mar 20, 2017 4:03 AM

@TRADERRX08, possible pitchfork yes, but there is another as well.

a candle close BELOW your pf would suggest that PF is invalidated ie beginning of downtrend

my PF still shows bullish trend continuation possible but also gives lower support diags to watch

TRADERRX08

⋅ Mar 21, 2017 6:18 PM

@IAmSatoshi, ok thanks!