USDMXN trade ideas
USDMXN WYCKOFF DISCTRIBUTION ANALYSISTrade Proposal:
There is a probability of first tp to the proposed ( 20.16 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short term goals.
Technical analysis: USDMXN Waiting for the Range Bound and the beginning of the Ascension Trend.
USDMXN....trouble still aheadUSDMXN has failed for now to post a new low and has failed again to break below the 52w ema, that has acted as a support level over the last few years, and formed a double bottom in the process. Using the Wave 4 post-triangle break of 2017-2020 that we discussed before, we could be looking at potential targets of 26.80 or higher in the next couple of years.
USDMXN!It doesnt matter how far it will rise, or how long it will take.
This is the true definition of a sell setup.
Trade with care use a stop loss.
USDMXNOverall trend is bullish, I literally just measured the move and used the liquidity levels for confluence.
USDMXN USDMXN is bearish but the market is being very corrective on the BOS or weekly level, the market retrace back into previous LH but all that depends on how it react on the market area of interest, a close above it could be signalling a bullish cycle but a close below could be indicating a bearish pressure, It's always Good to wait for a clear move to avoid being caught in a cross fire
BullsJust making sure that i can holds this long position High lighted candle is my sizing in position
USDMXN. Long I'm waiting for this correction to finish to place an order to buy in USDMXN.
I think we can see USDMXN near 21.4 - 21.5.
-We have a channel pattern and a correction to the downside, so I'm just waiting for this trend to change direction.
IS USDMXN READY FOR BREAKOUT ? #BLESSEDPIPS HELD GREAT SUPPORT AT THE 0.786 FIB RETRACEMENT , LETS SEE WHAT HAPPENS FROM HERE.
#BLESSEDPIPS
GOING LONG ON USDMXN 1H TIMEFRAMEPrice approached a trendline support with a smaller bullish confirmation pattern to go long...So we buy till the nearest trendline resistance .
USDMXN!We see this pair rising to complete a corrective pattern then the drop will come.
This is a risky trade as it goes against the trend and at any time the trend could resume.
Trade with care use a stop loss.
USDMXN BUY There is a doji on the daily timeframe at the current level, that's my reason for opening a buy position.
USDMXN will go UP!!!It is near a support, I think it will reject and pop back up.
follow this set up for a beautiful 1:5.74 RR
Trade safe:)
Please like and follow if you want more daily signals like this!
USDMXN on a spicy level 🦐USDMXN is currently testing a weekly support.
The price is trading above an ascending trendline with some retracement to the upside for a test of the 0.5 and 0.382 Fibonacci level.
According to Plancton's strategy if the price will break below the structure we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
