mxn

Today we are revisiting the USDMXN Daily chart, in a previous COTD back in February we looked at the Daily price action and what was a potential shorter-term set up (take a look here. The Shorter-term set-up didn't pan out on the back of a weaker dollar and more exotic shift on the back of this. But as the Dollar films a little bit we are going to revisit as the...

USDMXN has made a triple bottom, with bullish divergence on the stochastics. Price action looking to retest the local resistance. A break above that should see a test of the main resistance, which is our main target.

We are back at the support, as a trader I trade in low risk to high reward so for me this is a buy situation. If it fails to break the support and go up -> WIN If it breaks support and goes down -> SMALL LOSS My green zone is a bit higher because of the spread, if you wanna enter a trade wait for it to be ~300. Cheers everyone have a nice easter!

In this speicfic chart, EURMXN has a perfect buy reversal setup with a contraction and 3 Lower Lows within the contraction. This is 1 of the 3 patterns we trade in the PipsMatter community

Here we can look from a bird's eye view and see that this is likely still a large triangle taking place. We are testing the minimum targets of a 5 wave sequence from November highs. It is very possible that this can start forming a base at current levels since the target has been reached however extensions below come in at 18.53. The likelihood of a base...

A FEW PAIRS THAT HAVE REALLY GOOD ODDS FOR BEING WINNERS

buy

USDMXN looks to have a few good opportunities to break small trends and stretch up-ward. If it fails to do so then I believe it will hit a lower low and changing short-term trends This is not financial advice, or lettuce.

Price action calls for bearish continuation towards support. Bearish intraday bias.

Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.

SORRY I USE THE WRONG TERM EARLY IN THE VIDEO THIS IS A SELL IN MY BOOK.

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The dominant long term pattern on USDMXN is a Triangle on 1M (total neutrality with RSI = 52.546, ADX = 27.968, Highs/Lows = 0.0000). 1D is on a Higher Lows sequence, which this 1M Triangle has show that it leads to a bullish break out. We are long with TP = 20.25000. ** If you like our free content follow our profile...

Stop loss and targets are mentioned on chart

No target If this bar does not work, then the order is desirable to remove

Pattern: 1W Triangle. Signal: Bullish based on a similar fractal sequence of the Higher Low line. Target: 20.3500 (Triangle's Lower High at -1.42%).

Here we have a very wide ABC in play with the C leg finishing at 7.25 - 7.28. From a technical perspective, the market has presented a flawless 5 wave impulsive move with a three wave retracement. Those who are betting on the upside will be coming in here at the 38.2% level at 5.09; and we can expect a continuation. There is scope here for as high as...

Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.