Not Financial Advice
Hey guys TradeWithErv here with one of my favorite Forex trades on the market right now, I've always been a fan of crypto but Forex moves so smoothly & technically that you have to appreciate it. In my opinion, the Mexican Peso/ US Dollar is making a triangle fourth wave and if we're going to be following the Elliott Wave International guidelines, then we can come to the conclusion that triangles only happen on wave 4 of in impulse, and we can consider the rule of alternation in that wave 2 was a steep decline so in turn, wave 4 will more likely be a sideways complex correction i.e. a triangle. Remember that these are merely just guidelines and not a for sure thing to happen, just highly likely but I guess thats all we have to work with as traders?...
Follow if you want and I will be posting more of my favorite charts frequently! Appreciate your time.
-TradeWithErv
Hey guys TradeWithErv here with one of my favorite Forex trades on the market right now, I've always been a fan of crypto but Forex moves so smoothly & technically that you have to appreciate it. In my opinion, the Mexican Peso/ US Dollar is making a triangle fourth wave and if we're going to be following the Elliott Wave International guidelines, then we can come to the conclusion that triangles only happen on wave 4 of in impulse, and we can consider the rule of alternation in that wave 2 was a steep decline so in turn, wave 4 will more likely be a sideways complex correction i.e. a triangle. Remember that these are merely just guidelines and not a for sure thing to happen, just highly likely but I guess thats all we have to work with as traders?...
Follow if you want and I will be posting more of my favorite charts frequently! Appreciate your time.
-TradeWithErv
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.