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!
During the trading session on Monday and Tuesday the Mexican peso has recovered.
I expect the US Congress will pass the U.S.-Mexico-Canada Agreement in a few weeks. That should help the Mexican Peso to break the support 19.5 (Green Line). I also expect the trade between the United States and China to come down before the US elections. It is important to notice...
Hay un patrón de movimiento horizontal. Es posible que vuelta a probar el soporte superior. Ahora es momento de comprar. Si logra romper el soporte superior, es muy probable que la acción suba durante los días siguientes.
I was doing research with bond yields for Mexico and the United States. Mexico's 10YR bonds are falling, meaning they can't pay back their debts as much. The United States 10YR is the same way. However, Mexico's interest rates are rising. Rising interest rates meaning their printing more money, making their currency less valuable. The United States Fed has had...
This is not a signal. For now WATCH for confirmation
Price contained within this wedge formation for a while. Trendline confluence; love the long legged doji, which signals possible reversal. Looking at possible buy to at least 50% or 61.8% fib level. Trade at your own risk. Wait for confirmation before entering, is my suggestion.
Long-term look at SPX. Possible diamond top pattern down to the bottom of the channel. Keep in mind this is the monthly chart and everything takes time.
Strong bearish divergence on the MACD as well as the RSI.
Let the sentiment get super bullish (getting close) and then the rug shall be pulled out.