Here we can look from a bird's eye view and see that this is likely still a large triangle taking place. We are testing the minimum targets of a 5 wave sequence from November highs. It is very possible that this can start forming a base at current levels since the target has been reached however extensions below come in at 18.53. The likelihood of a base...
Will previous resistance become support ? or are we gonna see 61 lvl becoming a resistance ? Or will it go even further up ? Posting this only to follow my ideas, I'm currently not trading. GL
USD Short bias - quant score = -3 (-10 shift) MXN Long Bias - quant score = +39 (+22 shift) TA - Short momentum, low breaks
Hi All , I'm Adding to my buy position on this pair . After the H&S move , we can see prices have formed a bullish momentum & friday close was a bullish candle , I expect more move this week . SL to Entry as always. Many Thanks.
To be brief, Mexican growth is slowing with prospects for the G20 economy to slow further. Technicals oscillators shown below indicate a buy as well. This buy is a bit crowded however, so I wouldn't be surprised if the contrarian sell comes in strong. But I lean long. If you like my analysis, please feel free to check out my other work at...
After a pullback the potential continuation of a bullish cycle developing with the hidden divergence confirmed the next levels are 19.60 and 19.80
The dominant long term pattern on USDMXN is a Triangle on 1M (total neutrality with RSI = 52.546, ADX = 27.968, Highs/Lows = 0.0000). 1D is on a Higher Lows sequence, which this 1M Triangle has show that it leads to a bullish break out. We are long with TP = 20.25000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily...
No target If this bar does not work, then the order is desirable to remove
Pattern: 1W Triangle. Signal: Bullish based on a similar fractal sequence of the Higher Low line. Target: 20.3500 (Triangle's Lower High at -1.42%).
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
Price broke our trendline made a little retest if we look at lower timeframes so im seeing price reaching our next level around 19.45
MMHVW from looking at the Macd this pair looking bullish at this level. Normal check the 4hr, 1d and 1week Macd for correlation between tf’s before entering the trade.
Bearish Pennant Pattern spotted on USDMXN. Signaling the continuation of decent for the Pair