Could we see price continue up on as detected on daily or could price reverse and make its way down. We are at a good level right now, i have a kumo breakout and a reliable chikou span confirmation that this will go up on the daily. We are on the hourly right now and we can see price at a 0.236 retracement level so price could bounce up on continue down (watch...
As you can see i have a kumo breakout at a good area of support from the up trend, we have seen on the daily a price rejection and a red candle start to show but that price has reached a .283 retracement so we could see price bounce off that and then make its way up or retest on the inside on the S/R trend line and make its ay down
USD/MXN has been giving us some serious pips since November! We captured over 1,400 on the latest sell-off, followed by 400 plus pips recently on a short-lived buy. If you refer to my linked idea below related to the reversal after the drop, you will see in my updates how the 200 MA provided resistance, to which I immediately closed my buy position. This area also...
USDMXN broke out of the one month long consolidation, we now have a possible bullish reversal and we can try to catch this retest for a long trade in the kill zone as shown in the chart above. Target one is as shown in chart but there more upside if we break above that level as well
We just caught 1400 plus pips on the sell of this pair (note linked related idea below). I have been waiting patiently for indication of reversal. We just received impulsive bullish movement; note also how price respects trendline and has confluence with 61.8% fib level. TP levels 1 and two are placed at 50% and 61.8% fib extension. Yellow zone is a key demand...
USDMXN BULLISH WAVE COMING UP FOLLOWING AN UPTREND CHANNEL ON A D1 TOMEFRAME
Respecting the Weekly Trend Line. If You Look at it on the Daily/2h Times, you can see price is doing a correction which is a good sign of price reversal. To be on the safe side, enter for a buy after the breakout. I am more than confident that its going to go Bullish soon!
See chart - do your own checks
We have a clear impulsive wave down, and are currently in wave 4 which is playing out as a Triangle. We can short this because we have a very tight defined Stop which is above wave E of the triangle.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit bottom of the pattern and watch strong price action for buy.
Beautiful short scalp opportunity with levels lining up nicely. Monthly level plus important daily node.
Key level is 19.0675! Breaks straight above, possible flag pattern, looking long position after break 19.2500, second scenarios is what my option is more likely is descending triangle forming. Break below 18.8765 take a short position. Keep on eye Awesome oscillator, if break zero line or fail and bounce below again.
Kind of double bottom forming. First key level 19.0675! Break above looking long position, after breaks 19.250. Second scenrio what my option is more likely is descending triangle patter forming. After breaks below 18.8745 we are short position. Keep on eye awesome osc. if its fail break above zero line or not.
Been long for over a week now. Going to hold for a month or so.