INVERTED HEAD AND SHOULDERS PATTERN - AT A MN SUPPORT REGION NOW DUE TO FLY!
TP EXTENED TO 147. NOW JUST HOLD HOLD HOLD TILL TP Estimation of about 15 - 25 trading days
TRADE SHOULD ROUND UP BETWEEN 7TH AND 14TH OF JUNE ......
THE MORE CONFIRMATION THE BETTER
If USDMXN to bounces off of either of the trendline we could be looking at 600-2000 pips on this trade. However, we must wait for confirmations to be met before going in. I need the 2hr Downtrend to be broken + a 4hr/Daily reversal to form before going long.
This week the EUR/USD has hit a major resistance point, shown above, having been tested twice and upon both occasions the price has been rejected.
Watch closely this coming trading week, depending on news releases throughout the week regarding both the euro and US dollar (beginning Monday 24th April), could tip the price either way.
Will be posting an update and...