we are at a demand level on the daily, banks are coming to pick up unfiled orders
From our chart, we can currently see that price level for USDMXN is at the 161.8% fib level. We can see that this movement act as a retest to the trend support level (dotted line) with a potential to see price moving to the upside. Price level is also consolidating near the support @19.8000 price level. I am expecting strong support pressure here and will see it...
📌 BRL for the Yearly Close This diagram illustrates the LT map for those in BRL and tracking Brazil for good opportunities into 2021. According to my INR maps, again a very similar cycle count which is decisive for profit taking: The BRL now has the attacking position at the highs after completing a multi decade 5 wave cycle from 1.50 towards 6.00. But...
Hello community, USDMXN is curving join the bulls now
USDMXN Equidistant Channel
HE COMENZADO A OPERAR ESTE PAR YA QUE ME PARECE BASTANTE INTERESANTE, LA PRIMER COMPRA (NO MARCADA AQUI) NO ME LA RESPETO Y ME TOCO SL PARA DESPUES IRSE A MI TP. LA SEGUNDA COMPRA QUE METI (TAMPOCO MOSTRADA AQUI), ME LA RESPETO Y COMO MIS EMAS ME SIGUEN REPSETANDO AL IGUAL QUE EL STICH POR ESO DECIDI METER UNA TERCER COMPRA.. LA RESPETARA?
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Price may move sideways or down before market volume picks up with NY on Tuesday.
Hi there. Price is forming a reversal pattern to change its direction. These are the fundamental reasons for a possible USD/MXN bullish scenario: Sentiment shifts: Bullish scenario: A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no...
Peso! It's an EM currency that I enjoy trading the most, it's the behaviour the MXN moves. It's important to seek out how currencies behaviors are. Now let's dive into the technicals: Pattern: Wedge Support: 19.79294 - 19.71330 Resistance: 19.93628 - 20.07432 Long: Above 1st resistance area and close above 20.07400 areas Target areas: 20.4000 - 20.37660 (200...
After entering at $19.70, now it is time to look for a long term target. Hopefully this is just the start of WAVE 3, that could move price upward to $31 pesos per USD Good luck !
USDMXN after the break below the weekly support retest it few times. The market created an ascending h&s pattern and recently broke below a minor support. After the retest we can expect a continuation to the lower levels. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
LET'S SEE HOW THE MARKET WILL PLAY WITH EXOTIC PAIR!!
Final wave to the downside is getting completed after trapping so many buyers in, watch price action for long, wait for a proper bullish candle on 1h chart and add in corrections (bullish flags) Good luck everyone