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Con el swing fallido que debio llevarlo a la linea centra del pitchfork volveremos a visitar los 126.
con el desastroso gobierno de AMLO esta puede ser una buena compra.
double bottom with a failed swing to the middle.
eurusd back to the middle of the fork.
REVISITANDO LA PARTE BAJA DEL PITCHFORK.
no strenght on upside momentum should be taking a trip way below, have those longs covered.
Resistance met at .5 Should be seeing a trip to the lows in the coming week.s
Definetily short here with all the turmoil Lopez Obrador is in, do not expect good news on Mexican markets, resistance found and now is going to retest bottom line.
tp and sl as set on the chart.
We will wait for a touch of 129.750 to go long. Stop loss outside the pitchfork 129.730
mean reversion play.
sl at the top of fork.
rebound on middle of fork. Target would be bottom line.
Mean reversal play.
We reach 110 on the following days.
Going to the middle of the fork.
expect more downside
Now we go to the bottom of the pitchfork.
I have spoted a bullish divergence, medium term. Next swing should take us at leat to 1302 with a stop loss of 1290.
its just a matter of time before this comes down, will wait for macd to crossover on the downside again.