Historically (past 6 years) price has bounced at EMA (200 weekly), Stochastics is at very low Hopefully this time can do it again
Ingenuity Trading Model used in- Stock, Forex, Futures, and Crypto markets. For Stops, Targets and overall Portfolio/Trade Management join us. The model is a Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily...
WE CAN TOOK A BUY POSITION BECAUSE THE PRICE MAKES a nice head and shoulders and also we can wait for crossing up the resistance
Real-Time Algorithmic Trading Signals. Stay curious
Keep a look out here, Would prefer a higher pullback into Supply Zone
Price has been moving downwards respecting that trendline. Everytime price returns back to test it , it falls. This is the 3rd touch. After price mad some sort of bullish flag on the M15, broke out and retested, I will be taking a short position here. My target is the lows that have been made before. Risk management is key. If Price breaks the trendline and closes...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for USDMXN, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
🌟👍Technical outlook: USDMXN bearish scenario: In this pair we have technical figure Triangle. The Triangle has broken through the support line at 19/11/2020. Forming a bearish formation on a 4 hours chart. If price holds below this level we will have possible bearish price movement with forecast for the next day with target 19.82664. Our stop loss order should be...
We continue to see the U.S Dollar weaken against the Mexican peso. The interest rate differential makes the Mexican peso an attractive buy and we look at this in more detail. We use one-month ATR to set our stop loss and take profit targets.
USDMXN has been sliding lower knocking fib levels one by one. This week the last one was taken, leaving us with two supports before it retest the lows before we got a strong implusive move up. Those two supports are 19.76 and 19.61 (red lines). Be on the look out for an impulsive move up before going long as this pair has punished all long for a good...
USDMXN LONG EASY TRADE LONG 1:8 R:R
Low-interest rates in the united states and a negative current account balance should continue to structurally weaken the U.S Dollar. We look at the following trades Long NZD/USD Long EUR/USD Short USD/RUB Short USD/NOK Short USD/CAD Short USD/MXN Short USD/ZAR
Price is sitting at key zone, a key area of support. A possible buy opportunity may lie ahead over the next coming weeks, although it may not be an aggressive move. Watch price action at key zone noted. For demonstration and educational purposes only.
Technical & Fundamental View: Fundamental View: Longer term I do see dollar weakening this doesn't mean it's going to 0 and we all jump into crypto's! Just personal opinion but I do think the further QE we have inflation target of 2% DEC FOMC meeting is something I am very interested in and how large will the QE be and given the great vaccine news ..It's...
All the entries should be applied if all the rules of trade are applied comment us for detail view and understanding
My analysis is a simple levels and trend. As the price is going down it has respected every level so far and it should continue down doing so.