I hope it was a great sunny weekend for everyone of you guys. Here in Germany it was beautiful, like this setup we are looking at. Found it during my weekend trading routine. USDMXN looks super clean from now as there was bullish momentum during the last week. Forming a peak high formation now with a divergence on the RSI could indicate another...
Hey everyone first i want to wish everyone and their family a great easter weekend!
We are looking at the USDMXN pair a second time after we were anticipating a great short from the last idea. I will link it below.
We clearly see that the bearish trend line is broken and retested on the 1h timeframe. The red horizontal line is a key support level, where price...
USDMXN does exactly as predicted closing last week's gab with another gab and currently on the target price that was produced in the last week analysis.
Well the question is how did this happen in the middle of discussion to release new Tariffs?
Mexico avoided the Tariff which is taking the Mexican Peso roughly around 19.27, so it is victory for the Mexican...
After Mexico and the USA reached a deal to curb migration and avoid tariffs on Mexican imports, the Mexican peso strengthened around 2 percent against the dollar during the Asian trading. I expect the USDMXN to go lower during the American trade session as well. In the long run, I still believe USDMXN will go lower than 18.90 if there are no more conflicts between...
If our analysis on the daily chart is correct (see chart below), the pair should complete the corrective structure (ABC) and we will try to take long position around (C) area with stop below the low.
OUR DAILY ANALYSIS
(Click and Play on chart)
If you think this analysis can be useful and you...
This is basically my favourite entry area. It allows me to buy low and sell high. In general, maximum pain level is the last possible area where you can take a trade. Remember the forex business is a like a marathon. It's not about how fast you are but the endurance you have.
You need to make sure that you have a very good risk management technique to be...
welcome to another free signal!
Important: Remember the currentrelationship between USA and China!
Fundamentally a risky trade! ;-)
Target 1: 19,39917
Target 2: 19,48759
Point of Risk-Reduction:...
Not Financial Advice
Hey guys TradeWithErv here with one of my favorite Forex trades on the market right now, I've always been a fan of crypto but Forex moves so smoothly & technically that you have to appreciate it. In my opinion, the Mexican Peso/ US Dollar is making a triangle fourth wave and if we're going to be following the Elliott Wave International...