U.S. Dollar / Mexican PesoEducation
(4h) Head and shoulders followed by the 61,8% fib $usdmxn o_O
USDMXNNormally we search for the golden fib retracement after a double bottom or a double top forming the 2618
Let's see how the price will behave after one inverted head and shoulders, followed by the 61.8% fib retracement.
We expect the pattern to form one symmetrical ab=cd pattern above the weekly fractal support at 23.37, also the default target for the bullish crab pattern.
Just observing...
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.