Hi, price has broken the falling wedge and pulled back to it... now it can start to go up! USE PROPER RISK MANAGEMENT!
$EURMXN is making higher lows in a descending wedge which is typically a reversal setup (higher in this case). There is a strong inverse relationship with risk assets (SPX in this case) so a move above 24.1700 would be a very bullish event.
Based on our Fibonacci drawn from high to low on this daily time frame, we can clearly see that price has stopped at an entry zone for bears. Another confluence for this entry zone is the horizontal line drawn at the 61.8 level of the Fib, and as you can see price has touched this area a few times now. If you take this idea, make sure to set your stop losses based...
The positional struggle, or put simple the slow siege from sellers back to the base is finally exhausting. Powell has attacked with a move several times the strength of the surrounding defence. USD will now maintain the pressure and birth of fresh strength will unlock the next leg higher in USDMXN. Since 2018 we have been tracking the explosion higher. The...
Possible retournement sur USDMXN, cassure de canal baissier + retest + bougie de confirmation + divergence rsi en 15 min. Possible impulsion en daily.
> Bank Of England chief economist claims US inflation is likely to spread to the UK *********************** After the US inflation reached the "Yarrr you're a pirate - Steal 5% of the public's wealth each year" achievement, the BOE chief economist said their own inflation was likely to catch up. He mentionned the rising energy costs that were already putting...
HELD GREAT SUPPORT AT THE 0.786 FIB RETRACEMENT , LETS SEE WHAT HAPPENS FROM HERE. #BLESSEDPIPS
USDMXN is currently testing a weekly support. The price is trading above an ascending trendline with some retracement to the upside for a test of the 0.5 and 0.382 Fibonacci level. According to Plancton's strategy if the price will break below the structure we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly...
-Values- Entry Range: 19.93293 - 19.97017 Average Entry: 19.95845 (RRR: 1.86) Stop Loss: 20.00931 Profit Target: 19.86254 -HOW TO ENTER MY TRADES- 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. 2. Only first touches are valid. If price is rebounding...
As we zoom out and look closely at the Mexican Peso, we see many signs of strength that have been building for some time now. I believe the MXN and many other emerging currencies are all showing similar signs of strength and in the process of a reversal. While this may provide a great long trade and a short-term boost to the Peso, I fear it will have long-term...
Kama kırılımı gelebilir. Aşırı acemi çalışmasıdır. YTD
Just simple as in the image. The ratio profit/loss is quite interesting. Probably this idea will fail as the stop loss is very tight but in case of success the profits will be very positive
USDMXN broke downtrendline Price is based above key level at 20.5560 Price is based on HVN at level 20.6670 which indicates that pair is in accumulation phase MACD shows weakness in bearish momentum It's expected to target resistance level at 20.9320
Short AUDMXN @ 16.06; TP @ 15.23, SL your choice
price hit supply level twice so logically price gonna be touching demand.