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
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.