USDMXN SHORT : WAIT THE PULLBACK (DO NOT CHASE PRICE)
price just touched the upper trend line and we can see signs of rejection in the two previous daily candles, I am thinking we can see a bearish move here
Hello Traders, USDMXN has been trading nicely with patterns In the recent weeks it has been pulling but towards the Higher Low Support zone and technically is now on the optimal long term buy level. A 2 year long RSI figure also suggests a buy near 40.000. We are taking this opportunity to go long with TP = 19.48600. Comments and likes are greatly...
For demonstration and education purposes only. Study of price action. Price has hit a key area of resistance and could change trend. Watching for pullback to last week's high, which is also a key zone in the market. If so, will study price action and confluences for possible drop to key level as noted. This idea is not a signal but a study. If you enter, you do...
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !
Love how it's goin' on. If we are short on USD we are long on AMLO, is that even reasonable?
The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 19.4900 • Take Profit Level:...
Here are the key factors to keep in mind today for US Dollar trades: US JOLTS Job Openings: US JOLTS Job Openings for August a predicted at 7.191M. Forex traders can compare this to US JOLTS Job Openings for September which were reported at 7.217M. US Wholesale Inventories and Trade Sales: US Final Wholesale Inventories for August are predicted to increase by...
Now is good time to approach and set buy position in this pair, towards 19,8000
according to analysis shown Eur/Usd possibly broke falling wedge bullishly, correlating w/ 1.10 psychological area. + we see a possible double bottom rejecting same price. breaking trendlines left & right. pink like shows possible TP area. please feel free to comment and add to. Thank you for your time.
We have a Pattern "Triangle" as a Reversal Signal TP Clearly showing
OANDA:USDMXN ----------->Details on the chart. Pipdify, Tamilkumar
OANDA:USDMXN ------> Details on the chart,Happy pip hunting. (Price action) Pipdify, Tamilkumar
According to some weakness of the US economic data and some techincal price actions that suggest a short move. I believe it should at least be a short up until TP 2. On the other hand i will open another short position from TP 2 to TP 3. Stop Loss is set acording to some fibs and a strong resistance level.