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TAS_is_Goliath_Capital_Growth
Oct 16, 2016 11:59 PM

USDMXN retracement ending Long

U.S. Dollar/Mexican PesoFXCM

Description

Las week I anticipated the retrecement. It now looks it's getting over and wave 5 will start.
Comments
Railsy
Do you think yesterday was a continuation of wave 4 and we are still waiting on wave 5 to commence?
TAS_is_Goliath_Capital_Growth
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.
dchua1969
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.
TAS_is_Goliath_Capital_Growth
Thanks man. Remember you have 3 types of gaps. Breakaway, exaustion and runaway gaps. Now all get filled.
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