EURMXN Entries Date and Time: 04 MAR 21 12:00 Closing Price and Entry Price: 25.12248 Date and Time: 04 MAR 21 16:00 Closing Price and Entry Price: 25.19305
Hello traders, finally - after losing a few £££ while trying this long trade - this pair is giving me some hope that there is scope for a long trade after all... Went long at: 21.0411 with 1M contract; fixed-amount trailing stop (10-step) is currently at 20.8034 and the take profit is at 22.000, making the potential loss about 1/4 of the potential profit. Good...
Hi there. Price is forming a reversal pattern to change its direction. These are the fundamental reasons for a possible USD/MXN bullish scenario: Sentiment shifts: Bullish scenario: A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no...
Hello traders, topics covered today: - USDMXN starting to make the right noises picking up from a major low, after retracing nearly all of the pandemic upswing; - MXN futures volume showing strong selling today, with volume consistent and confirming the inverse move over in USDMXN spot; - WTI Crude Oil futures, one of the Mexican Peso's drivers, is stuck in a...
The Mexican Peso is gaining strength against the Yen as a recovery in global growth in 2021, reduces the demand for the safe-haven Yen and increases the demand for the Mexican peso. We look at why the Japanese Yen is a safe haven currency of choice, alongside Interest rate differentials that will play a key rol in the outlook for gains in the peso. I give...
Hello traders, thanks for watching/liking/commenting! Today I am looking at my BTC/USD short (entered on Tuesday and in the money) and also giving an updated on my EUR/TRY long (in the money) and USD/MXN (in drawdown but improving). Key video points: - discuss my profit targets on the three trades; - discuss the CC (correlation coefficient) between Bitcoin and...
Hello traders US dollar is getting stronger against "peso mexicano" after the 7 month decline the started April 6 2020. On September 22 2020 price broke above "7 month bearish trendline" indicating buyers are under control. This in my Wave count
USD_MXN BROKE OUT OF RESISTANCE. LONG ON PULLBACK (1) The pair is generally in the downtrend (2) But a support formed (3) Together with breakout, its a long (4) A retracement of a strong downward movement on higher timeframe ___________________________________________ LIKE and SUBSCRIBE for QUALITY
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.
Hi traders! USDMXN keeps moving lower, now making a sharp drop through the base channel support line so we see market in wave three of an impulsive wave five that can be underway towards 20.5000.
Watch for price action drill down to lower time frames for proper entries. Comment what you think, and share your charts Previous USDMXN Ideas in related links Comment, LIKE, Share
Hello traders! Price on USDMXN is approaching the lower trendline support of a contracting range. Sooner or later we think this one will be out. Keep in mind that some markets still have open gaps from March. USDMXN is one of them. Trade well! GH
It's not a pair that I would usually trade, but it's an opportunity! I like this pair a lot, been keeping an eye on it a lot. Now, it could break either way - Above high ends of 25 areas we could get a break out and could take the pull back trade up to the next resistance. However, if it breaks to the lower ends, below that key trend-line up and if you were to...