USDMXN Confirming our long-term pattern. Strong Buy now!
The USDMXN pair largely confirmed our last buy signal almost 2 months ago as after it hit its first Support level, it rebounded aggressively to its Lower Highs trend-lines, as shown on the chart below:
We made this accurate projection based on the similarities with the April - June 2021 fractal. The correlation continues to hold as the price is now trading sideways near the Support level, having broken last Friday below its 1D MA50 (blue trend-line). As per the 2021 sequence, we can expect another month (roughly) of neutral/ sideways price action below the 1D MA200 (green trend-line), before the next strong rebound towards the Lower Highs trend-lines. Technically, this is another solid medium-term buy opportunity.
-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
We made this accurate projection based on the similarities with the April - June 2021 fractal. The correlation continues to hold as the price is now trading sideways near the Support level, having broken last Friday below its 1D MA50 (blue trend-line). As per the 2021 sequence, we can expect another month (roughly) of neutral/ sideways price action below the 1D MA200 (green trend-line), before the next strong rebound towards the Lower Highs trend-lines. Technically, this is another solid medium-term buy opportunity.
-------------------------------------------------------------------------------
** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.