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.
MXNGBP trade ideas
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
GBPMXN next few months to BrexitIf there is no deal reached by 31 October I forecast that the sterling will continue to drop.
GBPMXN longer term bullish reversalgbpmxn, price making higher high on daily bars, a lot of demand showing there, high probability for gbpmxn bullish reversal
30.09.19 GBPMXN OutlookBased on Seasonality Trends GBP should be in Uptrend in July/Aug.
Waiting on test of 25.21 prior to long positions
Additionally waiting on bullish candle on weekly.
GBPMXN AnalysisWelcome to everyone!
Gbpmxn just touched monthly demand. Though price is just droping down but it shows us small retracement to be bullish.
Happy Trading.
03.07.19 GBPMXNWaiting on 4HR candle to test support and close above + Bullish pattern on 15min TF prior to entry.
