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
Commentaire:
Tp2 destroy .
Drawdown ? Whats that
Drawdown ? Whats that
Moving the stop to entry point