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moon333
Sep 8, 2019 12:30 PM

USDMXN forming bullish CRAB | A good long opportunity ahead Long

USD/MXNOANDA

Description

Priceline of US Dollar / Mexican Peso Forex pair is forming a bullish CRAB pattern and soon it will be entered in potential reversal zone insha Allah.
Volume profile of complete pattern is showing less interest of traders here
RSI is oversold
But MACD is strong bearish and Stochastic is oversold but did not give any bull cross sofar, so I would suggest when the price action will be entered in PRZ area then wait for MACD to turn weak bearish or for stochastic bull cross then buy.
I have used Fibonacci sequence to set the targets:

Buy between: 19.47392 to 19.25942

Sell between: 19.64064 to 20.04382

Regards,
Atif Akbar (moon333)
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