Hello traders !
Here is a nice potential buy setup on the usd/mxn .
A lot of accumulation support in the same small area :
- Fib 50%
- Fib 127.20%
- 5X weekly trend from the bottom ( perfect support )
- 2X daily trend from the top
- Weekly support zone
- Rsi oversold ( W2 to H1 )
I will watch my multi stochastic system before entry .
A breakout of this area is possible because of the powerful downtrend since the beginning of 2017 . If so , target will be 61.8 fib retracement .
Wait for reversal confirmation and bounce of course .
Have a good day :)
Like & follow if you want more
Here is a nice potential buy setup on the usd/mxn .
A lot of accumulation support in the same small area :
- Fib 50%
- Fib 127.20%
- 5X weekly trend from the bottom ( perfect support )
- 2X daily trend from the top
- Weekly support zone
- Rsi oversold ( W2 to H1 )
I will watch my multi stochastic system before entry .
A breakout of this area is possible because of the powerful downtrend since the beginning of 2017 . If so , target will be 61.8 fib retracement .
Wait for reversal confirmation and bounce of course .
Have a good day :)
Like & follow if you want more
Note
TP1 Hit Moving the stop to entry point
Note
Tp2 destroy . Drawdown ? Whats that
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.
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.