Short-Term ReversalDescending Triangle (Bullish Reversal Sign)
into Multi-Month Support Area.
A Reversal is expected to happen.
Good Risk Reward Ratio:
SL below 14.57 (-0.2%)
TP1: 14.8 (+1.3%)
May seasonality and trade policies to favor MXN over AUD in MayTRADE OF THE MONTH FOR MAY 2020
Over the last 20 years, May has been the second worst month of the year for AUDUSD with an average drop of 1.5%, In April, AUDUSD has been on a meteoric rise based on hopes that the Chinese economy will fare better than the rest of the world. Since China is the main
AUDMXN, Australian Dollar - Mexican Peso: Falling WedgeFX_IDC:AUDMXN
Inside the great Falling Wedge is forming an additional Falling Wedge.
Should a breakout occur shortly, the conditions to follow a new trend could be verified.
AUD MXN BUY (AUSTRALIAN DOLLAR - MEXICAN PESO)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
AUDMXN - WATCH TOP FOR THE SELLwatch this top for the sell
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
AUDMXN ShortConsolidation and flag formation is under process sell when it broke and sell in rallies with 5000 pips target.
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Displays a symbol's price movements over previous years to identify recurring trends.