USDMXN
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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Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
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USD/MXN StudyThe tariff annoucement yesterday pushed this pair to a key level in the market. This is high level analysis for study on lower time frame. We want to study on even lower time frame for sniper entry. To learn about how to enter the markets with little draw down, inbox me. Accepting new mentees and team members. Lets eat!
#USDMXNTime limit is specified;
Support and resistance are specified;
The price within the red range is fluctuating, and in case of failure it goes up to the pink range;
The price is within the pattern and the triangle;
USD/MXN Short Opportunity - Completion of Right ShoulderPrice is currently wicking 61.8% fib level as noted
TP zones are areas of liquidity, which also are confluent with TP levels
Trade at your own risk
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USD/MXN Long IdeaThis is not a signal. Use your confluences. Trade at your own risk. Use proper risk management. Recent bullish momentum leads me to believe that we COULD see price reach previous high, out of consolidation zone.
