We meet againLast week I attempted to short the usd/mxn and it didn't work out to say the least. This week I am back for more. The trend is still bearish and we are still below the midpoint of the range (rectangle). Selling here or higher with a stop above todays high at 20.4000. Hopefully the spike up marked the top and there will be continuation to the downside over the coming days and weeks. Ideally I would love to see the pair revisit the lows near 19.5000
Forexforecast
LONG OPPORTUNITY IN AUD/NZDReasons-
1) Higher timeframe trend up as per Ichimoku cloud & 200 ema
2) Inverse Head & Shoulders neckline brake + retest.
3) Buying pullback in an uptrend.
4) Bullish divergence on H1 (macd histogram)
5) Small stop for big reward potential.
Kindly trade at your own risk.
Good Luck ^_^
Technical Analysis on GBP/JPY Both Long Term & Short Term SetupI see that there might be a shift in the market even at it was predicted previously to the downside. I also think that once price get's to the BSL area, retail traders will be stoped out for institutional traders to pile up sell orders which makes us know we're actually safe to enter the market. I think there will be a drastic return to fill the FVG and also the bullish OB.
GBP/USD GOOD SHORT ENTRY GBPUSd is going upward in the parallel channel and after strong rejection from the resistance its going to retest that support again and than will go down that mention areas
at retest look for bearish confirmation and enter short with with your money management always remember
PATIENCE IS THE KEY