TAS
Long

USDMXN retracement ending

FX:USDMXN   U.S. Dollar / Mexican Peso
249 4 16
Las week I anticipated the retrecement. It now looks it's getting over and wave 5 will start.
Do you think yesterday was a continuation of wave 4 and we are still waiting on wave 5 to commence?
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TAS Railsy
The Price is now overlaping wave 1 so that could not be a wave 4. Price could touch the bottom trendline. However, for a long price has to break out of the channel.
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on day chart i noticed there is a gap down a week ago around 19.17250 which must be filled up . The chart shows a possible reversal with lower low from 18.80570 to current price.
Reply
TAS dchua1969
Thanks man. Remember you have 3 types of gaps. Breakaway, exaustion and runaway gaps. Now all get filled.
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