Long position taking previous zone of support. If it breaks below this zone then we could see a move below the 18.000 looking for a move back up to the 19.000
I see a pull back to the 153.600 once it does there should be a strong move up the upside if we want to break the 154 handle a fall below the 153.600 would see a potential move to the 152.00 support.
We have been in a super downtrend at this point. should have some pullback to complete a wave pattern to the downside.
Looking to finish the last leg of the elliot wave pattern for USDMXN. Market is extremely volatile so test at your own risk.
Looking at a Gann square pattern long term levels have been tested a number of times on the second line most likely looking now for a breakdown to the third line.
Analysis based on line bounce after USDJPY tested the first two lines. New bottoms could be found before a move to the topside JPY seems to be Ranging in strength across pairs currently.
I still am long longterm on litecoin. waiting for it to hit the $500 mark. However I follow the the charts as well short channel formed on the 1HR.
Confirming 1,2,3,4 wave pattern might be aiming for the 5th leg on the daily chart.
Upside drive potential Bat Gartley patter. Also triangle squeeze.
I do not see a lot of USDMXN set ups. This is a bullish trend following the USD gains of the recent month. MXN seems to be directly correlated an affected by USD compared to other currencies. If the USD makes gains on other currencies it tends to be for the short term that the peso gains and vice/versa