USDMXN ADDITIONAL ANALYSIS 20160523 5 WAVE STRUCTURE OPPORTUNITY
USDMXN ADDITIONAL ANALYSIS 20160523 5 WAVE STRUCTURE BUILDING - GREAT OPPORTUNITY
* It seems that on 240M (4 Hour Chart) a 5 Wave Structure is apparent
* Seems Wave 1 has already completed
* Possibly Wave 2 is now forming
# I see 3 Possible Trades
1) Trade Wave 3 (Pending LONG)
I Plan to open the trade when/IF hits the trendline at approx. 18.26100 and TP at 20.17500
2) Trade Wave 4 (Pending SHORT) when previous wave 3 completed
AND
3) Trade Wave 5 (Pending LONG) when previous wave 4 completed
*** NOTE: Placement of waves on chart most likely will change as time progresses and channel forms and updating of Order, SL and TP will change accordingly ***
* It seems that on 240M (4 Hour Chart) a 5 Wave Structure is apparent
* Seems Wave 1 has already completed
* Possibly Wave 2 is now forming
# I see 3 Possible Trades
1) Trade Wave 3 (Pending LONG)
I Plan to open the trade when/IF hits the trendline at approx. 18.26100 and TP at 20.17500
2) Trade Wave 4 (Pending SHORT) when previous wave 3 completed
AND
3) Trade Wave 5 (Pending LONG) when previous wave 4 completed
*** NOTE: Placement of waves on chart most likely will change as time progresses and channel forms and updating of Order, SL and TP will change accordingly ***
