EURMXN 4H

5 May 2020

There's a clear triangle pattern. We are close to testing the ascending line. Watch this test for another move up or and break-retest-fall.

5 May 2020

Not

On a 1H view, we've retested the ascending line. However, we have not come back to retest on a 4H view. It doesn't always have to happen, but it would be the extra confirmation. At minimum, I would like to see the blue box pictured break. Otherwise, we might see another fake out as it continues to rise.