Short USDMXN. Context: 3 Consecutive Missed Weekly Pivots. Targeting most recent missed weekly pivot at 18.80. Stop above the highs.
Watch for a possible double top or breakout failure at these levels. Buying pressure is decreasing, selling pressure seems to be increasing.
I will be closely monitoring this pair on open. The pair is showing a higher high and higher low with a pullback. If you drop down to H1 you will see a nice level to place a stop just below the H1 pin bar wicks. Minimum target is recent swing high. Notice the buying pressure on the swing highs is increasing. Will be looking to drop down to m15 time frame and look...
GBPAUD Bar count since a 200 EMA touch is at 250 bars. Looking to short toward the EMA200. Target is at 1.63585, which coninces with the most recent 8 hour missed pivot. There are currently 3 missed 8 hour pivots in a row.
Currently short GBPAUD. We have 3 consecutive missed 8 hour pivots marked by orange lines. My target is the most recent one. Testing a nice level on H4.
USDMXN Long Idea Currently the pair has missed two consecutive monthly pivots. We are approaching the end of the month and the third monthly pivot (currently still forming) is currently at 19.28. Looking for long opportunities to buy long towards 3rd Monthly pivot. I have a buy limit at 18.95 (1 Unit Long) and one at 18.50 (5 Units long) Stop below 18.00
We are 100+ bars since a touch of the 200 EMA and vertical spread between price and EMA200 is getting very over extended. I am fading this move and going short. Targeting the 200 EMA.
Based on monthly chart, this could be a good area for selling.
Topping action evident on 4H chart with big price swings. Entering short on the break of the trend line. Targeting second trend line below.
Reversal Setup Entered Above the 8 EMA at 1.52. Worst case stop is set at 1.39 Target: 1.77
Reversal setup in motion. Stop just below the previous candle 6.71 Target: 9.35 zone.
Entry here. Waiting for break above 8, then i will add to my position. Stop below 7.20. Target: 9.00
Entered here Stop below the previous swing low Target at the previous swing high. In hindsight, this formation does appear to look like a head and shoulders. I'm going with the idea that the higher time frame is still in an uptrend as indicated by the trend line.
Bullish Engufling near trend line support. Stop below wicks and trend line. Target set at swing highs.
May have chased this one a bit. Scaled into the position here. Target = Swing Highs.
Buying support coming in. Two possible ways to play the long side: 1) Wait for hammer to confirm and buy above the highs of the hammer with stop below wick and target the swing highs. 2) Wait for a retest of the trend line and buy when price action confirms. Stop below the previous swing.