GBP/MXN Possible Short OpportunityFor demonstration and educational purposes only. Price appears to be completing bearish flag, ripening for continuation to the downside. Of particular note is rejection at key level as noted.
MXNGBP trade ideas
GBPMXN Is Ready To Fall On Its FACE (Short Now)GBPMXN on D1 has Finally Finished its Double Bottom, and as we know, after some double bottom are fully created, a HARMONIC PATTERN is formed. Now... What that being said we need more confirmations. Here are some....
1. Harmonic Pattern on D1
2. The Monthly appears to be making 2nd arm of Double top, and its lower then the 1st Top
3. May 13, 2020, it was here at the same spot, and FELL HARD
4. Its Over Brought
5. Other traders have taken profit at this location,when this happen, sellers take over
6.15m, 30m, 1H, 4H aiming to the downside direction
7. Need I Say More, lol
GBP/MXN British bulldog looking strongGBP is making gains across the board, will be going long on this one but it could hit resistance.
GBP/MXN Possible Sell Opportunity - Possible 1400 pipsFor demonstration and educational purposes only. Possible 1400 pip drop. Watch for evidence of clear rejection and observe how today's daily candle closes.
GBPMXNQuick projection of what will or could happen to price during this week..Exotic pair for you equals more pips..use proper risk management..trade safe and smart..Be Blessed..
definetely short - gbp makes double top 4 hour pattern time to short 4 hour double top - we are going to go down hard
gbp mxn long time bullish divergance -~~ new plan to long
once again considering many factors go long
4 hr bullish momentum divergance and doudble bottom
GBP MXN 2 Possibilities One Long One Short - Can See Upside GBP MXN two possibilties depends on if break resistance
A good buy opportunity in GBPMXN
The currency pair has been trading in a symmetrical channel pattern since past two months and recently gives a break above the upper trend line of the channel. The traders are advised to consider it to be a good buying opportunity. You can enter a trade once the pair gives a daily closing above resistance trendline. The first target can be at 24.728 and second target at 25.096.
Stop Loss- 24.076
Possible Wave 5 (?) GBPMXNEducational Elliot Wave Count
We can see a market respect about of the wave 1 to wave 4, is it possible see a new bull impulse
Invalidation level could situate on level 78.6% of the fibonacci extension because there is situated the wave 1, another alternative stop loss can be in 23.07827
I speculate, following the Elliot Wave Principle, that the Wave 5 can go until the fibonacci extension zone:
This is not a invest suggest , only eduational guide elliot waves
