usdmxn long promise these will be more detailed soon sr = short term
What happened? Weekly candle wicks down to 124.00 level it was respected and price rejected support, bouncing out of the 40 week cycle trough. Whats going to happen? never know but what we know from the cyclic phase analysis is that price is currently in a bullish phase until July 7th where the bearish phase is expected to begin gaining momentum. Whats happening?...
88.6 FIB RESISTANCE AT 25.00000 LEVEL 2ND PEAK OF 10 DAY CYCLE
price currently bouncing out of 2O day cycle trough from the previous 20 day triple top/peak cycle. expecting similar patterns to play out this time around a cross back over the fld for a short term short trade and then long from cross back upwards to first of possible 3 peaks.
20 DAY CYCLE (17) DAY AVERAGE PRICE CURRENTLY AT 10 DAY TROUGH/BOTTOM (8.5 DAY AVG.) 4HR RISING WEDGE CREATING HL AND LH EXCEPTING PRICE TO RISE AND THEN BREAKOUT WHERE THE TWO TREND LINES CROSS. BELIEVE WE COULD SEE $5.50 AND THEN $4.