Here is an update from what i see bc we haven't been able to break further highs and the sellers pushing this market down and if you look on the weekly the area we are at shows a strong supply zone, why did i not see this, not sure but i do know and i have made the appropriate adjustment. It doesn't matter if your buying or selling if your not on the right side of...
Good morning everyone So looking at this market I have shown why I choose to enter this market, showed you were my stop loss is and using supply and demand and pitchfork with a couple projection tools this is my analysis of the peso so far. if the buyers hold the market here you can see a tp blowing up with a 1 to 9 risk to reward. If we go south and blow...
GOOD EVENING EVERYONE Lets look at the usd peso ( usd/mxn ) I love this pair as this pair moves the most out out of any pair . Secondly we are going up and up and up and I love : This market tested the buyers and the buyers did what they do best pushing this market up breaking out some key levels for the sellers and we are now heading into a little correction...
Short USDMXN. Context: 3 Consecutive Missed Weekly Pivots. Targeting most recent missed weekly pivot at 18.80. Stop above the highs.
Good afternoon everyone so lets look at the usd peso , at the moment I still do see the usd a bit bearish and that is why I feel this market we can see a correction of some sort: If the breaks further lows then I will trade the long once the correction has stopped. I do feel we still have ways to go to higher levels with this pair and am looking forward in...
USDMXN broke the dwontrenline and has been going up for sometimes now, and 800EMA was broken as well in the 4hr time frame, I'm expecting USDMXN to continue with the uptrend and test the resistance at 19.24685.
USDMXN looking to retrace to the 38.2 Potential cup and handle pattern formation. Watchin for BO
Trend line = Up trend MA 50 = Above MA 50. BB = Riding Band Up. Zone = DZ, wait the price pull back to DZ. Fibonacci Level, wait the price retrace at 23.6% Psychological level = Strong support at 18.8000 Risk per reward = 1:1.5
sell usdmxn at 18.95 with take profit 18.41,stoploss19.28
I expect a drop in the short term.
The US Dollar has appreciated substantially against the Mexican Peso during the past three weeks. The pair managed to reach a five-month high at 18.83 on Tuesday evening. Subsequently, the Greenback edged lower and breached the diminishing trading range apparent since early October. The given currency managed to move below a strong support cluster formed by the...
NP expects a drop in the short term.