Hey everybody so I am a scalper mostly but since finding how easy it is to share analysis with Tradingview I figured Id just post my ideas since I am analyzing them anyways .. So, here is a decent risk to reward swing setup for USD/MXN .. Friday we had a pretty decent selloff .. The daily candle closed with a huge rejection wick off that daily trendline .. I will...
Just playing out the possible consolidation on the US dollar soon (with Fed rate hike already priced in and divergence seen on RSI in the weekly DXY chart, not to mentioned the possible dovishness of the Fed by 2019). Also just riding the recent ranging movement of this pair. Setting sell stop order with TP @20-20.1 (-38.2 to -61.8 fib levels) and SL @20.58...
I think the Peso will regain strength over time from this juncture. The weekly Time@Mode trend signal we had here expires next week but price already seems to be trending down in the daily timeframe, and broke a previous weekly low, so I think we're safe to assume the decline started already. The G20 talks and oil related news might be behind the strength in...
on the daily chart triangle, hitted the suppor trend line, now waiting for 5m break.
We might be in wave 4 of an impulse, playing out as a triangle, meaning we will have only one more push up to around 21 before selling hard. This move to the upside is wave C of a zig zag wave (B) of an impulsive wave ((4)). How to trade this ? Wait for wave 5 to develop and terminate, then wait for a pullback in an impulsive manner for a lower degree wave 1...
I see bullish divergence on macd historgram at 4hr chart for USD/MXN pair . Profit targets: 20,25 20,32(Strong resistance) 20,39 20,50 Stop loss: 20,06 Have a nice day
The previous forecast worked, and the USD/MXN currency pair has breached the medium-term ascending channel. As apparent on the chart, the US Dollar is continuing to appreciate against the Mexican Peso. This movement has been bounded in the short-term ascending channel. Currently, the pair is testing its lower boundary at 20.05. if given channel holds, it is...
My ideal opening in my previuos chart didn´t hit. An ideal opening would´ve been 19.40-19.80 ish. But as you can see, the daily chart shows a massive cup and handle so I believe an opening right now would be very profitable specially when the new Mexican president is taking over tomorrow Saturday, December 1st. Being a very controversial person, it is almost a...
THE MXN IS BEING UNDER PRESSURE DUE TO THE STRENGTHENING OF THE USD AND THE UNCERTAINTY ABOUT THE POLICIES OF THE NEW PRESIDENT AMLO. CLEARLY WE CAN SEE THE DAILY STRUCTURE OF THIS PAIR WHICH IS TESTING THE UPPER TRENDLINE AND GIVING US A POSSIBLE SCENARIO FOR GOING SHORT AROUND THE RESISTANCE ZONE BETWEEN 20.86 & 20.96 WITH STOP LOSE UP TO 21. LETS SEE HOW IT DEVELOPS!!!
USDMXN has been on our list for a while now looking for the high probability short trade from the key resistance of 20.9000. With the recent uptrend forming here we can see the Fibonacci extension 127.2 sits just under the key resistance zone using the current impulse leg. This area will likely see sellers re-enter the market as it shows the market could be...
Hi fellows, There is an excellent R:R short opportunity on this trade. Price may retest prior week's high so be cautious when opening a position.