Broke above previous structure and closed above, waiting for retest for another entry
Hello traders, finally - after losing a few £££ while trying this long trade - this pair is giving me some hope that there is scope for a long trade after all... Went long at: 21.0411 with 1M contract; fixed-amount trailing stop (10-step) is currently at 20.8034 and the take profit is at 22.000, making the potential loss about 1/4 of the potential profit. Good...
Again, our favorite FX pair is the USDMXN....we follow it closely. The currently path upwards has first resistance at 21.77...tried once to break it and now has a second time to do it. We think it eventually breaks to the upside. The bottom is in!!!
A Quick Short Here With This Pair::: FIBS For TP 1$2
Hello team, usdmxn has been moving very well in these zones. looking at a long with a good risk to reward. using H4 candlestick confirmation buyer will come to the party soon
Waiting for 20.846 to break and turn support for get the momentum sweet spot. Weekly trend indicated in Bold vs 8hour levels and trend.
Hi traders! In this video I look at: - updates on my development as a trader; - looking at exotic pairs; - comparing various exotic pairs (USD/ARS, USD/TRY, USD/MXN) to the S&P500 and US Dollar Index (DXY); - conclusions. Take care! Thanks for watching, I love you all. Francesco
Over the last few days the USDMXN pair has developed lower highs and is showing signs of an early development of a descending triangle pattern. Being that this is coming off an uptrend, we can assume if it has at least 3-4 taps on the support/liquidity zone around 20.10 , it can go from 20.10 on the last tap straight into 20.85-21.00 , given that the...
Possible Cup and Handle Pattern Target $20.85
Last week I attempted to short the usd/mxn and it didn't work out to say the least. This week I am back for more. The trend is still bearish and we are still below the midpoint of the range (rectangle). Selling here or higher with a stop above todays high at 20.4000. Hopefully the spike up marked the top and there will be continuation to the downside over the...
The dollar has been on a monthly & weekly bearish downtrend following the cap thrown from both sides of the latest elections, added to new doubts surrounding the now president Joe Biden. Within his first months we have seen a substantial amount of executive orders, however we have yet to see uncle joe help the homies out with the stimulus checks they are in...