Good afternoon everyone so lets look at the usd peso , at the moment I still do see the usd a bit bearish and that is why I feel this market we can see a correction of some sort: If the breaks further lows then I will trade the long once the correction has stopped. I do feel we still have ways to go to higher levels with this pair and am looking forward in...
BTC touch briefly the 90K zone just to pull back. Ichimoku signals a bullish bias although is very clear that RSI is in the overbought zone. BTC may very well keep hitting ATH's but I wouldn't advise to enter the market in this conditions. The TD sequential also signaled (sell) price exhaustion for the last bars, this is basically telling us that the trend might...
USD/MXN 1H Chart: Channel Down The American Dollar was trading against the Mexican Peso in a medium-term ascending channel. However, after a data release on the US CPI the buck entered into a seven hour downfall and lost 1.3% in value. Such depreciation led to appearance of the current short-term descending channel with two reaction highs and once...
USD/MXN 1H Chart: Channel Up The American Dollar is appreciating against the Mexican Peso in a medium-term and short-term ascending channels. At the moment, the channel consists of three reaction highs and three reaction lows and, thus, might be cease to exist in the upcoming days. The fact that the currency pair is gradually approaching to the lower...
Posible subida del peso mexicano Plan de estrategia SL en 17.40 TP en 19.00 Si tocamos nuestro SL, buscaré otra entrada para largo
The Mexican Peso is now trading above the US Presidential Election key resistance level. Price could soar from here, we can enter longs and add on dips, or average in during a few days to a month. Returns are over 10% at the very least, in the coming 2-3 months. Negativity against the Peso kept many traders skeptical of this rally, all the way up. This is usually...
I am waiting to pierce and confirm first but here maybe a cup and handle pattern. I am using others Indicators to confirme a long term trend. ( RSI, CCI, 1 SMA and Bollinger Bands, On balance Volume, ADX and watching ATR also ) So if it confirms as I want with chart pattern + some indicators I will go long 2 Units. TP 1 : Sell one unit TP 2 : Sell second...
Buying USDMXN on major based support down and ichimoku formation. It is very longterm based trade Be careful on trading USDMXN guys Dont forget to trade with proper RM/MM and caution You can see target area blue colored. Stops should be below support Good luck!
In this context I would be looking for a corrective structure and then look for a long set up in order to enter the market, however the price can also break the 19.90 area and maintain the underlaying uptrend, in this case I prefer to wait in order to have a better entry. Notwithstanding if the 19.90 holds then we could be facing a consolidation phase in this...
After a Fail Break Out to the downside, the closeness to the Up trend line and a secondary test of the 18 area, it seems that the price is on a Sping position, ready to establish a new leg up that could mark new highs in this asset ... lets see how the action evolves