My thoughts on potential price fluctuations for Mexican peso
So my mindset so far is seeing price doing something like this im not trying to predict i know it wont happen exactly like this but its possible and either way im making money if either one of these things occur.
Possible Downtrend about to begin Waiting for confimation confluence with .786 200EMA and candlestick entry
Now looking for price to head to 134-136 lets see ?
4 hour Bullish Flag Pattern 200 M.A closed above smaller TF
So we have LH HL So we starting a downtrend if we can get a 3rd low higher the trend could be set and looking to a projection of 128/125
Possible short coming Also short to long term trend bullish
Possible HnS could continue bullish Coming up on second retest
We have a possible HnS Forming RIght Shoulder Already formed just made a LH Also HnS forming on 30 And 4 H so TF correalation is setting we need a second shoulder for the 30 min Lets see!!
The area where P.A could begin to show some support My black lines are supply areas and the green support you see is the final line in the sand i should say lol. if we get a few closes above that area we should be looking for any catalyst that proves this point. Please comment and add any suggestions
Here we have Multiple areas of Confirmed S&R S&D We also have a break and close below the 200 MA No Retest yet of that B&C 200 MA The Weekly TF looks good for a possible bearish move The daily looks good a Bullish Retracement to push down We also have a Tea cup pattern Happy Trading lets wait and see
This could be E/U future probably in the next couple of months so i guess the only thing we have to do is be patient and wait and see.