ElliottWaveBelgium

USDMXN - One more push higher before sell off !

Corto
ElliottWaveBelgium Actualizado   
FX:USDMXN   Dólar estadounidense/Peso mexicano
We might be in wave 4 of an impulse, playing out as a triangle, meaning we will have only one more push up to around 21 before selling hard.
This move to the upside is wave C of a zig zag wave (B) of an impulsive wave ((4)).

How to trade this ?
Wait for wave 5 to develop and terminate, then wait for a pullback in an impulsive manner for a lower degree wave 1 after which you can sell the pullback of that move, i.e wave 2 of that impulse lower.
Comentarios:
It's better to wait for wave (iv) to be completed because going long once the triangle ends does not give good enough risk/reward because stop should be below wave ((a)).

Comentarios:
Count negated
Comentarios:
*** Alternate count negated !
Main count here :
Comentarios:
Join me on Telegram
t.me/em16trading
Comentarios:
I will to post my ideas here for easier access
t.me/em16public

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.