Strong bullish wave (A) occurred after breaking downtrendline then corrective bearish wave (B) rejected from broken downtrendline with bullish movement MACD shows start of bullish momentum Pair is based above HVN at level 22.3538 It's expected for coming strong bullish wave (C) to first target key level at 22.9080 then finally target supply zone at level 23.2320
USDMXN IN GOOD SUPPORT AND RESISTANCE ZONE FROR BUY. WAITING PULLBACK FOR ENTRY
I'm thinking the dollar will recover a bit and that the peso will fall this next week
It's not a pair that I would usually trade, but it's an opportunity! I like this pair a lot, been keeping an eye on it a lot. Now, it could break either way - Above high ends of 25 areas we could get a break out and could take the pull back trade up to the next resistance. However, if it breaks to the lower ends, below that key trend-line up and if you were to...
Triangle forming ... we could break out and retest to the upside but i have stops in place to catch the sell
Ok let's get started with the next round of important chart packs and fundamental updates 📍 On the fundamental side in USDMXN - as strange as it sounds all eyes are on the other side of the Atlantic. Once again politics in Europe is getting in the way, with discussions on the recovery fund coming to a close this weekend and looking like we are going to see this...
Pattern: Triangle/ emerging Channel Down on 1D. Signal: Sell as the RSI is replicating a sharp drop fractal. Target: 21.600 (just above the Support). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Most recent USDMXN signal:
USDMXN is inside a ascending channel. Price bounced on 0.618 fibonacci level, and now we are waiting for a breakout. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of...
we are seeing break of structure and nice rejection on resistance level. so we shall see a roll over , nice reversal candle.
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Hi traders, this is my trading idea on USDMXN for the next days. Push the like button 👍 Leave a comment 💬 And share with your mates. Thank you.
After a retracement till the 0.5 fib level the market turn again down creating a bearish flag. If the market will manage to break the fist structure and consequently break the flag we can set a nice short order according with our strategy. Bear in mind that friday can be a tricky day. ––––– Follow the Shrimp! 🦐 Here is the Plancton0618 technical analysis ,...
USDMXN broke major downtrendline Price is based above HVN at level 22.2121 which indicates that pair is in accumulation phase Price respects uptrendline Broke consolidation triangle pattern MACD shows weakness of bearish momentum RSI is above level 50 It's expected for coming bullish wave to target first key level at 23.6035 then target following resistance level...
Downwards trendline, rejected at the 50 day moving average on the daily chart, the price is also at the 0.382 FB retracement point from the price high set 6 april to the price low 3 june. Looking at the broader picture it can consolidate around the 0.5 fib retracement point set in february to the april high before seeing more downside. EU countries are highly...