I was already in for a long on this, protecting this because we ran into a major resistance.
already in, protect this
Im going long on this.
Expecting MXN to weaken.
Following the ABCDE elliot wave, we should expect a breakout on the downside as followed by the massive divergence on the weekly and Monthly chart. Not certain enough, I will wait for this one.
Bullish Bat formation?
Complete H&S pattern, lets see if we can get a downtrend as the 5th impulse wave after retesting the neckline.
Entering our buy zone, let's see how this goes.
Entered our fib zone, expecting a turn in this area to complete a H&S, RSI overbought, and there's divergence.
Completeing a nice head and shoulders, Potential forming an elliot wave formation, MACD divergence, overbought RSI
Bullish Butterfly, MACD divergence, RSI oversold and it entered the Fib Zone.
Might this be a perfect H&S pattern? Let's see...