I'm more with the second way to go..the long way; waiting for a retrace
This idea is for demonstration and educational purposes and does not constitute a signal USD/MXN Possible reversal. This idea is not for today, given today is Friday and market activity is settling down. However, it's a possibility for next week. IF price respects the key support as noted, and as price reverses, there is a possible minimum 130 pip catch to the...
For demonstration and education purposes only. This does not constitute a signal. Nice wick rejection at key level. Watching for price to re-test zone as noted, which is last week's low. Study for your confluences, trade at your own risk and use proper risk management.
This idea is for educational and demonstration purposes and does not constitute a signal. Does history repeat itself? You will see that I modeled previous price action as noted to current price action. Underlying fundamentals at play, to keep in mind are the weakening of the Mexico economy. Market structure mimics broadening wedge. Note also 9 and 50 EMAs which...
WHEEEEEE! possible 225 pips possible as the market digests the big move up. For study purposes only. Trade at your own risk.
When studying price action it is well worth our while to study price action in relation to the 200 MA. It often (but not always) serves as dynamic resistance or support. This is for educational purposes and is not a signal to buy or sell.
The tariff annoucement yesterday pushed this pair to a key level in the market. This is high level analysis for study on lower time frame. We want to study on even lower time frame for sniper entry. To learn about how to enter the markets with little draw down, inbox me. Accepting new mentees and team members. Lets eat!
Price is currently wicking 61.8% fib level as noted TP zones are areas of liquidity, which also are confluent with TP levels Trade at your own risk Need a mentor, someone to bounce ideas off, or an educational system? Join my team where you get 24/7 support and an educational system. This and more ideas are available to earn money in the markets. Join as a...
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.
El dolar luego de rebotar subirá en pocos días a partir de hoy a 3,383 y podrá pasar hasta los 3,393 testeando máximos históricos con posible ruptura de techo.
Refer to trade idea below. Looking for short in accordance with descending wedge to trend line on the higher time frame. This may take some time to develop. This idea is for demonstration and educational purposes only. Trade at your own risk. Possible 350 + pips
USD/MXN. The rate increase by The Bank of Mexico last week was great for this pair, and the peso regained strength. If the DXY continues to fall we can hope to see this move. You won’t want to miss this one. 1400 plus pips possible over the entire swing trade. Trade at your own risk and be sure to use proper risk management.
Dollar against Argentinian Peso has soared from 16.1 to 17.3. Then it has returned to 17 and it's showing some weakness. There is a chance to see it going back to 16.1/16.2 just as a technical pullback (Argentinan goverment could feel confortable with this exchange rate beacuse of the comming legislative elections). The final destination in the middle term for...
The USDARS pair has an interesting setup, on one hand, the uptrend that started after monetary policy changed, has failed to reach the target on time, suggesting a selloff was possible (which did in fact materialize). I have reccomended my fellow countrymen to sell their dollars at the 15.8-15.4 mark, but it's time to pay attention to go long the dollar again,...