The pair has just reached the 18.75000 1M Support which has been holding since mid-October 2018. Investors use this as a long term buy entry within this nearly 2 year 1M Descending Triangle pattern. The 1D chart may be bearish (RSI = 37.141, MACD = -0.094, Highs/Lows = -0.0419, ADX = 42.106) but there is a certain feature (besides the 1M Support) that indicates...
USDMXN is currently correcting towards the golden Fibonacci retracement of the last impulse wave to the downside. This follows the completion of corrective minor wave 4. It could be then followed by a final 5th impulse leg in the minor degree, eying the 100% Fibonacci extension of waves 1 and 2, near 18.34.
The price is in the big triangle now. It can be a few more movements in this figure. Push like if you think this is a useful idea! Before to trade my ideas make your own analyze. Write your comments and questions here! Thanks for your support!
Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few...
USDMXN has been in a well defined uptrend with higher lows and higher highs. We hit a resistance zone around 19.60 which, scrolling back, has also been a flip zone. From here, we did not make another higher high. In fact, we made what appears to be a double top pattern. 19.42 was the previous higher low swing zone that we were watching for a break. Price tested...
Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a cross air. Heart in the box - a place to jump in/out PIG in the box - places to be aware of a few different...
price just touched the upper trend line and we can see signs of rejection in the two previous daily candles, I am thinking we can see a bearish move here
I entered about here. Seems to be a bit past the 1.272 already but that's never perfect. Use a tight stop as invalidation of ABCD is not far below. Good luck traders.
The pair has been trading within a wide long term 1M Triangle since late 2016 that is getting narrower and narrower (RSI = 49.430, CCI = -26.4209, Highs/Lows = 0.0000) as it approaches its completion. In the recent weeks it has been pulling but towards the Higher Low Support zone and technically is now on the optimal long term buy level. A 2 year long RSI figure...
Hello Traders! We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY...
Long term short target is at 17.555
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for buy.
Whats up traders? How is your trading week going? Im currently looking at the USDMXN pair for long opportunities. Our stop loss is under the last swing low and take profit is very high for because im looking for a longterm trade. If something does change or i take profit earlier - i will keep you guys updated here. Wishing everyone success and a great weekend!
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...
Great opportunity for trading on US dollar - Mexican Peso currency pier. On friday price has formed pattern "double top", after crossing support 20 20.0512 we predict drop to 19.8550
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.