MEX_Exchange

MEX_Exchange

Sell below 1.1485. Stop loss at 1.1511. Take profit at 1.1419. Reason for the trading strategy (technically): We remain bearish looking to sell below 1.1485 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 1.1419 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is testing major...

MEX_Exchange

Buy above 0.9606. Stop loss at 0.9591. Take profit at 0.9569. Reason for the trading strategy (technically): Price has reached our profit target from Friday and has started to bounce off nicely from our buying area yesterday as expected. We remain bullish looking to buy on dips above major support at 0.9606 (Multiple Fibonacci extensions, horizontal swing low...

MEX_Exchange

Buy above 0.7244. Stop loss at 0.7213. Take profit at 0.7299. Reason for the trading strategy (technically): Price is approaching major support at 0.7244 (Fibonacci retracement, horizontal overlap support) and we expect a bounce above this level to at least 0.7299 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is...

MEX_Exchange

Sell below 0.7802. Stop loss at 0.7843. Take profit at 0.7741. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area as expected and is fast approaching our profit target. We remain bearish looking to sell below 0.7802 resistance (Fibonacci retracement, horizontal pullback resistance) for a further drop to at...

MEX_Exchange

Sell below 88.26. Stop loss at 88.68. Take profit at 87.27. Reason for the trading strategy (technically): Price has reached our selling area and reacted off it perfectly. We remain bearish looking to sell on strength below major resistance at 88.26 (Fibonacci extension, Elliott wave theory) for a continued drop to at least 87.27 support (Fibonacci retracement,...

MEX_Exchange

Buy above 111.90. Stop loss at 110.88. Take profit at 114.32. Reason for the trading strategy (technically): We remain bullish preparing to buy above major support at 111.90 (Fibonacci retracement, Fibonacci extension, Elliott wave theory, horizontal overlap support) for a push up to at least 114.32 resistance (Fibonacci extension, horizontal swing high...

MEX_Exchange

Sell below 1.1485. Stop loss at 1.1511. Take profit at 1.1419. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly. We prepare to sell below 1.1485 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 1.1419 support (Fibonacci retracement, horizontal pullback...

MEX_Exchange

Buy above 0.9606. Stop loss at 0.9591. Take profit at 0.9569. Reason for the trading strategy (technically): Price dropped absolutely perfectly from our selling area last week and is fast approaching our profit target. We prepare to buy above major support at 0.9606 (Multiple Fibonacci extensions, horizontal swing low support) for a push up to at least 0.9659...

MEX_Exchange

Buy above 0.7326. Stop loss at 0.7296. Take profit at 0.7398. Reason for the trading strategy (technically): Price has formed a new Elliott structure leading us to believe that we should be seeing one last push up before a drop. The goal is to buy above 0.7326 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 0.7398 resistance...

MEX_Exchange

Sell below 0.7833. Stop loss at 0.7862. Take profit at 0.7769. Reason for the trading strategy (technically): Price is testing major resistance at 0.7833 (2 years high, Fibonacci extension) and we expect a reaction off this level to at least 0.7769 support (Fibonacci retracement, Elliott wave theory). We would require price to break this level first before we...

MEX_Exchange

Sell below 88.26. Stop loss at 88.68. Take profit at 87.27. Reason for the trading strategy (technically): Price is approaching major resistance at 88.26 (Fibonacci extension, Elliott wave theory) and we expect to see a reaction off this level for a drop to at least 87.27 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) has been...

MEX_Exchange

Buy above 111.90. Stop loss at 110.88. Take profit at 114.32. Reason for the trading strategy (technically): Last week price has continued its drop perfectly towards our profit target. We prepare to buy above major support at 111.90 (Fibonacci retracement, Fibonacci extension, Elliott wave theory, horizontal overlap support) for a push up to at least 114.32...

MEX_Exchange

Buy above 1.1381. Stop loss at 1.1353. Take profit at 1.1444. Reason for the trading strategy (technically): Price has dropped perfectly to our profit target from yesterday. We prepare to buy above major support at 1.1381 (Fibonacci retracement, horizontal swing low support, bullish price action) for a push up to at least 1.1444 resistance (Fibonacci...

MEX_Exchange

Sell below 0.9687. Stop loss at 0.9741. Take profit at 0.9602. Reason for the trading strategy (technically): Price shot up yesterday and is now testing major resistance. We prepare to sell below major resistance at 0.9687 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a push down to at least 0.9602 support (Fibonacci extension,...

MEX_Exchange

Sell below 0.7345. Stop loss at 0.7372. Take profit at 0.7289. Reason for the trading strategy (technically): Price has risen and reached our profit target perfectly from yesterday. We prepare to sell below major resistance at 0.7345 (Fibonacci extension, bearish price action, horizontal swing high resistance) for a drop to at least 0.7289 support (Fibonacci...

MEX_Exchange

Sell below 0.7750. Stop loss at 0.7774. Take profit at 0.7708. Reason for the trading strategy (technically): Price is fast approaching major resistance at 0.7750 (Fibonacci extension, major swing high resistance) and we expect a reaction off this level to see a drop to at least 0.7708 support (Fibonacci retracement, horizontal pullback support). A break of this...

MEX_Exchange

Buy above 1.2898. Stop loss at 1.2804. Take profit at 1.3029. Reason for the trading strategy (technically): Price has bounced off our buying area at 1.2810 perfectly previously. We remain bullish looking to buy above 1.2898 support (Fibonacci retracement, horizontal overlap support) looking to play a further rise up to 1.3029 resistance (Fibonacci extension,...

MEX_Exchange

Sell below 114.32. Stop loss at 115.09. Take profit at 111.77. Reason for the trading strategy (technically) Yesterday price has continued to drop but is starting to see its bearish momentum slowed down, we do see a lot more downside potential in this move though. Our goal is to remain bearish looking to sell on rallies below major resistance at 114.32...