JoseL.Bedoya

JoseL.Bedoya

Interesting long opportunity if support is retested

JoseL.Bedoya Updated 

Bearish rising Wedge - “Because a continuation wedge in an uptrend should slope downward against the prevailing trend, the rising wedge is a clue to the chartist that this is a bearish and not a bullish pattern.” Excerpt From: John J. Murphy. “Technical Analysis of the Financial Markets.” Apple Books. books.apple.com

JoseL.Bedoya

“ bullish pennant. It resembles a small symmetrical triangle but usually lasts no longer than three weeks. Volume should be light during its formation. The move after the pennant is completed should duplicate the size of the move preceding it.” Excerpt From: John J. Murphy. “Technical Analysis of the Financial Markets.” Apple Books. books.apple.com FX:USDMXN

JoseL.Bedoya

Nice waves forming, providing great swing trading opportunities above the 20 day moving average.

JoseL.Bedoya

No mans land