Looking at Weekly time frame we can see that we have three wicks that have formed indicating a strong resistance level. the price has been going up for a while now and by switching to the 4H TF we can see that it have failed to form a Higher high. adding to that the priceline will be reaching 24.6000 resistance level and that's where I will place my short. trade...
UPDATE on what USDMXN did over todays U.S open it went perfectly into our demand zone then sprung back up, this wouldve been valide for a market entry for the sale took profit, had a buy limit in our demand zone, sprung back up to the upside Institutional Sniper #PewPew
Ahhhh shit gang we hit the Exotic Pair! Smart Money, Liquidity Zones And Wyckoff Combined Lets catch these pips yall so far
35+ Pips in profit family! Feel free to analyze on your own and hop on if you wish!
Ascending channel pattern , currently pulling back towards resistance , potential sell on break below trendline...
Idea invalidates if price manages to close above channel pattern
In these articles we post intraday possible outcomes of pairs based on naked trading setup only .. We do not take into account fundamental news which may move pair significantly in...
Stop Loss = 23.32829 / Take Profit = 27.08434 > Coupled with a 1% risk with 3% reward.
Once the trade reaches a 2:1 point move SL in front of opening at a 1:1 point to mitigate risk.
Keep Chasing that Paper!!!