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
Hello Friends! I hope "USDMXN" will go Short 'Buy' and touch R1 then some correction. After her correction, it will touch R2 and R3. Are you have any questions, suggestions, or feedback? Then write on comment or privet chat. If you need any help, info, or analysis. Then knock me without any hesitation. ....Thank you....
It's my personal analysis and opinion, act at your own risk when trading. It's not investment advice.
We managed to see a crucial retest from 61.8 fib level for USDMXN. A good exotic pair to enter a BUY trade as we see it heading towards the resistance level @23.2200. As we starting seeing USD gaining strength, I believe price level could break 23.2200 resistance and head towards 1.618 fib level where we starts to see strong resistance pressure which we could...
USD_MXN IS TESTING CHANNEL RESISTANCE AFTER DISREGARDING HORIZONTAL STRUCTURE (1) Horizontal resistance disregarded. The channel lines were perfectly respected (2) IF breakout is confirmed>>> (if candle closes ABOVE the level) (3) Long up to the next resistance. (4) If not, a short looks good....
I dont really trade this pair that often however I've seen potential opportunity and I've took the trade so lets see how this plans out still plenty of chance if you wanna jump in this
All the entries should be taken if all the rules of entries are applied . Follow it for learning. do comment us we will guide you
This is the complete analysis of USDMXN and remember we will be taking the trade if the market allows even then with proper risk management Tell us in the comment section which topic or pair would you like us to cover in the next video
DISCLAIMER: My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Good Luck!
Hello Friends! I hope "USDMXN" will go Long 'Sell' position and touch S1 then some correction. After her correction, it will touch S2 and S3. =>USDMXN: Sell Stop {New} => Entry: 22.22222 => Stop Loss: 23.03133 => 1st TP: 21.73841 => 2nd TP:Open > You will try to give an alert when need to close it. ©Learning Forex Are you have any questions,...