USDMXN
Big Boys are looking to take PRICE higher
Boss - From Elliott Wave theory, PRICE has completed corrective wave 4 but is struggling to make higher highs and higher lows which could foretell that maybe corrective wave 4 is not complete and there could be another leg down before wave 5 resumes. If wave 5 resumes from where wave 4 is shown, the first EW target is 23.67. The Strat Shadow is still sideways in range/consolidation mode confirming wave 4.
PASR does not follow Elliott Wave theory BUT does USE it for confirmation/confluence for Market Structure.
Worker - PRICE needs to complete the current swing down before thinking of buying and then only after the Big Boys have started buying
DislikedHello Strat, I've been reading and re-reading your posts, trying to apply your methods of trading. It really helped me to build some confidence and stick to my plan instead of jumping the gun and being fearful of missing a trade. Last past 3 weeks have been wonderful, I took less trades and tried to pick the best ones that market gave us. Right now while majors are in profit-taking phase I noticed USDMXN chart and wanted to see if I look at the pair correctly. Last Big Boss bar was very bullish and went through several resistance levels while finally...Ignored
Boss - From Elliott Wave theory, PRICE has completed corrective wave 4 but is struggling to make higher highs and higher lows which could foretell that maybe corrective wave 4 is not complete and there could be another leg down before wave 5 resumes. If wave 5 resumes from where wave 4 is shown, the first EW target is 23.67. The Strat Shadow is still sideways in range/consolidation mode confirming wave 4.
PASR does not follow Elliott Wave theory BUT does USE it for confirmation/confluence for Market Structure.
Worker - PRICE needs to complete the current swing down before thinking of buying and then only after the Big Boys have started buying
15 YEARS OF PASR ON FOREX FACTORY!
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