Fresh adjustment to the wave counting! There is 2-variants of the price ways.
Sell by market - price 17.18770 S/L 17.27983. T/P 16.86400. Yave a nice trade! Sincerely yours, Powerful Traders.
I wanna buy, near the prices 16.90666-16.79000 (strong buyer's core). S/L 16.47824, T/P 18.13764
We have an over-brought pair here, based on the following: Over-brought stochastic on the daily timeframe, indicates a slight pull-back could be expected Divergence printed indicating that RSI and Momentum are ready to see a reversal Price to retrace ahead of Wednesday's FED decision (which may or may not boost the Dollar) Oil price is heading further south...
MXN peso is going down to test the 0.50 Fibo retracement , i will enter at 16.63 level, expecting a bounce to mi first target at 17.10, and then the second target at 17.27. If im wrong SL at 16.35 El MXN peso esta bajando momentáneamente para confirmar el retroceso del 0.50 del Fibo, entrare en ese nivel esperando una depreciación como primer objetivo en 17.10...
The resistence level of circa 17.2400 from August is being tested for the second time having failed to break it in September.
We have a variety of 4h signals in this pair, which yield excellent results to the vigilant. In the daily a considerably large downtrend signal is about to confirm. I have entered a daily trade ahead of confirmation. You can enter now, before it's confirmed, because I think the weight of the evidence supports its success. As many know, I was working for a...
Keep the Mexican Peso on your radar screen if you are a currency trader. She is setting up nicely and should have a good two week move when triggered. Stay Tuned
Hey how's it going traders, well its that time of the year again to go long USDMXN. Stop loss is below the 100 Moving Average (Support); Stop loss order is the red horizontal line. 1st target is 16.6880 for a roughly 1:1/1.2 R/R . 2nd Target is at the top of support at the 17.2000 level (marked by a green horizontal line). Note: There is negative long swap on...
It's clear that the USD is testing key level across the board.. Here is another chart that suggests how critical is the position of the USD. A major double top formed, with the price currently testing the neckline for the pattern around 16.35. A breakout with daily closing below the neckline would confirm teh double top pattern and establish a new lower low. On...
1. Beautifull Divergence for both recent tops (momentum/price) 2. Price broke the trend line 3. Lots of missed pivots below the price Go short targeting the area of support with. SL above the highs. Sell more after support is broken.
Hello, im following this pair closely last two weeks. Lets make it simple: although i use various trading systems to make an analysis i like to keep chart clean showing only relevant information. According to my previous idea there is a big and perfect bearish crab pattern visible on W1 chart. The price has reacted good forming two pinbars near the PRZ. Here...
Targets on chart; Trade Safe; open.spotify.com
Yesterday, Banco de Mexico (Mexico's central bank) announced a committment to sell 200 million USD daily, if needed to contain the Peso sell off. Though this trend has been firmly planted to the upside, symptoms of a pause are bubbling up to the surface. The Banco de Mexico news comes at an interesting time. 1) Elliott Wave Count - We could be near the...
I short USDMXN at 16.01 because of Shark pattern and RSI divergence. SL:16.2 TP1:14.3 TP2:13.23