Hello guys i had find this setup in 4h timeframe which is made accumulation zone and broken we have a good buying buying opportunity from here with sl below zone and tg at neareast resistance also plzz do your own analysis before taking any trading decision if you like my analysis plzz like share and follow thank you
We think if Usdmxn price broke 19.93-19.95 level, so price going up to 20.06500 price near And if Usdmxn price 19.72-19.69 broke then it going down 19.55 near.
Hope Our Idea Help For You Trading.
While the price is above the support 19.5970 , beginning of uptrend is expected.
If the support at 19.5970 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 48.
Key points in discussion
How to identify a potential trade with bhoomi Fx
Where to enter ?
Where to exit ?
More importantly how to trade fx for a living
*SMALL SINGLE ARROWS ON BHOOMI FX, THEY ONLY HAVE AN ACCURACY OF 86%. UNLIKE DOUBLE ARROWS WHICH HAVE 91.19 ACCURACY