Three Drives Pattern(Non-Ideal), potential regression to uptrend_line(minor), Rising Wedgex2 with WW characteristics(5 waves), AB=CD and Doji Candle. RSI bearish divergence. Price closed within Wedge. Notes on Chart.
Comments
FullTimeTrader
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Nice! a perfect ending diagonal, in such cases the last target would be the beginning of it. Im already short on USDMX but it one offer a better R/R ratio. Best Regards.
rv
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nice to hear!, thanks for chart, best regards
ElPatron.Y
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I love it!
ElPatron.Y
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Also I posted an idea about this one.
MarkLangley
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Good analysis i believe this is stretched and even the latest rate rise didn't help, i also always have difficult being short this pair historically its easier buying it but cannot fault your analysis just personal observations ...well done
rv
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thank you. Yes agree with you, but looks stretched nevertheless, indeed.