TradeFreak

USDMXN ADDITIONAL ANALYSIS 20160523 5 WAVE STRUCTURE OPPORTUNITY

FX:USDMXN   U.S. Dollar / Mexican Peso
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USDMXN ADDITIONAL ANALYSIS 20160523 5 WAVE STRUCTURE BUILDING - GREAT OPPORTUNITY

* It seems that on 240M (4 Hour Chart) a 5 Wave Structure is apparent
* Seems Wave 1 has already completed
* Possibly Wave 2 is now forming

# I see 3 Possible Trades
1) Trade Wave 3 (Pending LONG)
I Plan to open the trade when/IF hits the trendline at approx. 18.26100 and TP at 20.17500

2) Trade Wave 4 (Pending SHORT) when previous wave 3 completed
AND
3) Trade Wave 5 (Pending LONG) when previous wave 4 completed


*** NOTE: Placement of waves on chart most likely will change as time progresses and channel forms and updating of Order, SL and TP will change accordingly ***
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