Been long for over a week now. Going to hold for a month or so.
Inverse head on shoulder reversal pattern happening here as price has broke its downtrend structure after making its 3rd bounce off the major weekly ascending trend line.
So the short position a few weeks ago went beautifully, you can check on my profile. We arenow looking for reversal
After a triple descending cycle down to 19.80 support levels, the bullish pressure its getting in to the game for a potential corrective up to 20 levels.
someone buying but i can't sure in this zone,very dangerous
USDMXN IS EXTREMELY OVERSOLD, IF IT GOES DOWN IT WON'T DROP TOO LOW, THIS PAIR IS GOING UP..
I've been in this trade since mid-November (see trade idea below that's linked). I've snagged close to 1,000 pips on the sell. It appears that price is attempting to reverse. Price is flirting at a key level in the market 50% fib level and breaching a descending wedge. Looking for price to pull back at least 50% before continuing back down. Trade at your own risk.
USD/MXN. The rate increase by The Bank of Mexico last week was great for this pair, and the peso regained strength. If the DXY continues to fall we can hope to see this move. You won’t want to miss this one. 1400 plus pips possible over the entire swing trade. Trade at your own risk and be sure to use proper risk management.
Let's see how these Waves are playing out. Please like if you think this idea is worth it :)
Due to stochastic and wave trend analysis, i see this pair bullish right now. Profit Targets: 20,08 20,16 20,25 Stoploss: 19,8 Have a nice day , Berk
If todays USD news gives us negative data than it will go down further. So, Please wait for the news confirmation and than active your trade. Share your comment, feedback, thoughts in my comment box....It will help me to update my analysis. Note: Don't trade if news gives negative data.
Price broke key level and retested as resistance. Going short. TP1: -27 fib level TP2: -61.80 level
plain and simple chart art, looks like price has reached the top of a strong weekly trend line and showing signs that bears are slowly taking over. Possibly going to reach low prices of 19.30 - 19.16 area
=> What is in play here? => To put it simply we are tracking two scenarios... the market is currently trading against strong resistance and we need to get above this area to avoid it becoming a very large triangle. => If we look at the recovery since August, we can see that this move has been impulsive and increases the odds for the break to the topside. => The...
USDMXN, has multiple resistance levels that has only been tested two times. If the upper resistance line continues to hold, I would expect the bulls to sell off and the bears to step up. -StampsFX
USDMXN is currently forming a possible flag formation for a sell. Wait for a breakout and then sell.