I mentioned yesterday that there's always one trick day in a FX trading week. I have a slight feeling that because there are so many decent looking charts to trade, this might be one of those trick days. Personally, I'm still trading light and holding. OANDA:XAGUSD OANDA:XAUUSD FX:AUDUSD FX:AUDCAD FX:EURCHF FX:EURSEK FX:GBPNZD FX:NZDCAD ...
On Wednesday, the US dollar decreased in value against other major currencies, including the Mexican peso, by over 1%, due to reports of slower than expected US inflation. This suggests that the Federal Reserve may pause its interest rate hikes. According to data from the US Labor Department, inflation in April decreased to 4.9%, which is the lowest year-over-year...
We can easily see that USDMXN pair is under Elliot's correction waves so, no need extra analysis on this chart to know the possible behavior for this pair
USDMXN long retracement; Sellers are getting exhausted as seen by the CCI indicator, the price is at a strong support level and the down fractal indicates a bullish trend.
If you find the signal profitable and if you are interested in finding out the reasons for the trade that we are making do send a direct message Like follow and tell us which pair would you like to have the signals of
Final wave to the downside is getting completed after trapping so many buyers in, watch price action for long, wait for a proper bullish candle on 1h chart and add in corrections (bullish flags) Good luck everyone
All the entries should be applied if all the rules of trade are applied comment us for detail view and understanding
Hello Friends! I hope "USDZAR" will go Short 'Buy' and touch R1 then some correction. After her correction, it will touch R2 and R3. Are you have any questions, suggestions, or feedback? Then write on comment or privet chat. If you need any help, info, or analysis. Then knock me without any hesitation. ....Thank you...
Hello Friends! I think now 'USDMXN' Short 'Buy' position. Trade_ID: #B20000298 USDMXN - Buy => Entry Point: 21.16666 => Stop Loss: 20.99845 => Take Profit: 22.01583 You will take only 1-2% risk for all running entry You will try to give an alert when need to close it. ....Thank you... ©Learning Forex
Hello Friends! I hope "USDMXN" will go Short 'Buy' and touch R1 then some correction. After her correction, it will touch R2 and R3. Are you have any questions, suggestions, or feedback? Then write on comment or privet chat. If you need any help, info, or analysis. Then knock me without any hesitation. ....Thank you...
Hello traders US dollar is getting stronger against "peso mexicano" after the 7 month decline the started April 6 2020. On September 22 2020 price broke above "7 month bearish trendline" indicating buyers are under control. This in my Wave count
Hello Friends! I hope "USDMXN" will go Short 'Buy' and touch R1 then some correction. After her correction, it will touch R2 and R3. Are you have any questions, suggestions, or feedback? Then write on comment or privet chat. If you need any help, info, or analysis. Then knock me without any hesitation. ....Thank you....
USDMXN : ALL THE ENTRIES SHOULD BE APPLIED IF ALL THE RULES ARE APPLIED
As you seen my last week trade setup and our last call on this pair and USDZAR as well, the market almost hit the expected target around 21.5000 area.On the weekly chart market look on a bearish momentum with a possible break of the recent lows in the near future But i should retrace back towards up to maintain its structure(support and resistance) .Price on...
All the entries should be taken if all the rules of entries are applied . Follow it for learning. do comment us we will guide you
DISCLAIMER: My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Good Luck!