usdmxn may be reversing to the downside
If we are observing a first wave down, that has broken the trendline, than a nice entry will be after a pullback in w2
Normally, wave 2 is a deep pullback, typically a zigzag
Minimum requirements for a reversal are met, as per my criteria (prior level tested), but, as an alternative scenario, we may observe the price trying to test FE 100 in a wave c (c = 100% of wave c).
Tried to show evth on the chart.
The structure on the higher timeframe is a topic for another post :)
Normally, wave 2 is a deep pullback, typically a zigzag
Minimum requirements for a reversal are met, as per my criteria (prior level tested), but, as an alternative scenario, we may observe the price trying to test FE 100 in a wave c (c = 100% of wave c).
Tried to show evth on the chart.
The structure on the higher timeframe is a topic for another post :)
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