USDMXN MonthlyUSDMXN
Watching the pair sliding down as we want to go long from the specified level on the chart. Very good R/R if it happened. worth watching. Will be posting a new chart if it is triggered.
USDMXN
I'm Looking at USDMAX New SupportWe Just Broke Resistance and Tested it for a new Support.
And It's a Good Price.
I'm Looking for it to Drop Back down and Test Support Again.
It has a New Resistance.
Let's see how this plays out.
USDMXN Short in H4USDMXN failed to break resistence in H4
wait for sell signal at resistence
>> SELL
USDMXN - Simple trade - SELL - Strong resistanceOANDA:USDMXN - Sell ||Details on the chart||
||Pipdify||
Tamilkumar
USDMXNSell Limit 19.68296 - 19.72848
Stop Loss 19.77460
Take Profit I 19.34156 - 19.29604
Take Profit II 19.11396 -19.06844
USDMXN -Wait for ascending triangle to break and enter the tradeOANDA:USDMXN -----> Details on the chart.
Pipdify
Tamilkumar
The 200 MA on the Daily Is Key to AnalysisWhen studying price action it is well worth our while to study price action in relation to the 200 MA. It often (but not always) serves as dynamic resistance or support. This is for educational purposes and is not a signal to buy or sell.
USD/MXN Short IdeaLONG TERM OUTLOOK..NOT FOR TODAY PER SE..
When we study we must look on the lower timeframe and trade according to what we see on the lower time frame. Thus, this is For educational and demonstration purposes. Trade at your own risk. Fib extension confluences with lower trendline as noted.
USD/MXN (Will the history repeat itself?)Updated View On USD/MXN (29 July 2019)
Will the history repeat itself on the potential upside?
It is very likely so. The previous analysis was a good one and it runs its course to the TP region.
Now it is 'range zone' again and likely to go up further.
It should go to 19.17, 19.30 again.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
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