USDMXN forming bullish CRAB | A good long opportunity ahead
Priceline of US Dollar / Mexican Peso Forex pair is forming a bullish CRAB pattern and soon it will be entered in potential reversal zone insha Allah.
Volume profile of complete pattern is showing less interest of traders here
RSI is oversold
But MACD is strong bearish and Stochastic is oversold but did not give any bull cross sofar, so I would suggest when the price action will be entered in PRZ area then wait for MACD to turn weak bearish or for stochastic bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 19.47392 to 19.25942
Sell between: 19.64064 to 20.04382
Regards,
Atif Akbar (moon333)
Volume profile of complete pattern is showing less interest of traders here
RSI is oversold
But MACD is strong bearish and Stochastic is oversold but did not give any bull cross sofar, so I would suggest when the price action will be entered in PRZ area then wait for MACD to turn weak bearish or for stochastic bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 19.47392 to 19.25942
Sell between: 19.64064 to 20.04382
Regards,
Atif Akbar (moon333)
