Hello everyone, this week our scaling in trades did not work out. However no need to get discouraged because there is still plenty of money to be made. From a Weekly perspective the market created a nice M formation and is near the Weekly resistance level from Jan 2017 Also we have beautiful confluence of the fibonacci 0.50 and 0.618 levels. Our target is the...
Hi Traders, Have a look at this idea and see how it can fit into your plan. Good luck! Fibz
USDMXN - The pair is forming a triangle to complete purple wave 4. The triangle pattern is also forming another triangle as its green wave (e). The Wave Principle allows a triangle inside a triangle only in wave e. HOW TO TRADE THIS SETUP - Wait for price to break out of the green wave (e) triangle and look for buy setups to complete purple wave 5. The...
La fecha indicadora de compra y venta, esta hacia el lado de "Compra" , esto le puede decir algún trader que tiene que pasar a venta y abrir operaciones Short. Hay más publicaciones indicando Short. En mi caso personal seré el Toro que se pelea con los osos comprando en $23.94900 y cerrando operaciones a $24.10 Fundamentos bajistas: En méxico ya se...
We place two blue lines on the 4-hour chart starting at the highest high and lowest low, tracking the price congestion in the Mexican peso with lower highs and higher lows. The upward attempts at the Mexican peso moved further and further away from the upper line, while the lower ones struggled with the lower line until beating it on the third attempt at the end...
Technical: USD/MXN broke out of a massive symmetrical triangle today and is retesting the top for confirmation....The Ichi cloud is providing support (not shown here in order to not make the chart too busy....run it yourself and see). Fundamental: With the debacle in oil prices today (WTI may futures contracts traded for negative $37, yes, negative, adn June...
Forming Larger BearFlag for the downside. ThankYou
They say the trend is your friend, until it betrays you
Looking potential SHORT in downside. thankyou
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I will buy from the lower border of the channel and move the stop to breakeven
1M chart bullish pennant has broken to the upside, with a target of around $28 to 33 mxn per 1 dollar. I'm pretty confident in this trade given it took 3 years for this pennant to form so its pretty clear cut TA wise. Also given the economic forecasts and the current administration, it's almost guaranteed. Let's see how this ages.
After the market rallied during the last week in favor of the US dollar , we sold off later on Monday making the chart bearish in the short run. I expect the FED, Bank of Japan, and the European Central Bank to announce monetary policies to stimulate their economies. In the long run, the descending triangle shows bearish for USD/MXN.
Crazy moves but still bagging steady, join the train if you can bulls still in play.
I see a bullish divergence at macd signal line on daily chart!!! Profit Targets: 18,86 18,97 19,13 Stop loss: 18,63 Have a nice day, Berk.