MEX_Exchange

MEX_Exchange May 4, 2018

Sell below 109.74. Stop Loss at 110.32. Take Profit at 107.83. Reason for the trading strategy: Price is approaching our first resistance at 109.74 (horizontal swing high resistance, 50% Fibonacci retracement). We expect a strong reaction to occur below this level, pushing price down to our major support at 107.83 (horizontal pullback support, 38.2%, 50%...

MEX_Exchange May 4, 2018

Sell below 1.3616. Stop loss at 1.3743. Take profit at 1.3314. Reason for the trading strategy: Price is approaching our first resistance at 1.3616 (horizontal swing high resistance). We expect a strong reaction to occur below this level, pushing price down to our major support at 1.3314 (horizontal overlap support, 38.2% Fibonacci retracement). A breakout below...

MEX_Exchange May 4, 2018

Buy above 0.7510. Stop loss at 0.7461. Take Profit at 0.7643. Reason for the trading strategy: Price is bouncing off our major support at 0.7510 (horizontal overlap support, 100% Fibonacci extension). We expect a strong bounce to occur at this level, pushing price up to our major resistance at 0.7643 (horizontal overlap resistance, 50% Fibonacci retracement,...

MEX_Exchange May 4, 2018

Buy above 1.1932. Stop loss 1.1821. Take profit 1.2172. Reason for trading strategy: EURUSD bounced nicely off its support at 1.1932 (76.4% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support) where we expect prices to rise to its resistance at 1.2172 (100% Fibonacci extension, 50% Fibonacci retracement, 38.2% Fibonacci retracement,...

MEX_Exchange May 4, 2018

Sell below 1.2927. Stop loss at 1.3000. Take profit at 1.2759. Reason for trading strategy: USDCAD is testing its resistance at 1.2927 (61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal, causing price to fall to its support at 1.2759 (38.2% Fibonacci retracement, horizontal overlap support). We do have to be cautious...

MEX_Exchange Updated  Apr 30, 2018

Buy above 1.2199. Stop loss 1.1999. Take profit 1.2293. Reason for trading strategy: EURUSD is approaching its support at 1.2070 (100% Fibonacci extension x2, 50% Fibonacci retracement, horizontal pullback support, descending channel support) where we expect price to bounce and rise to its resistance at 1.2293 (61.8% Fibonacci retracement, horizontal overlap...

MEX_Exchange Apr 27, 2018

Sell below 1.3914. Stop Loss at 1.3998. Take Profit at 1.3742. Reason for the trading strategy: Price broke out of our support-turned-resistance at 1.3914 (horizontal overlap resistance, breakout level). We expect a strong reaction to occur below this level, pushing price down to our major support at 1.3742 (horizontal swing low support, 23.6% Fibonacci...

MEX_Exchange Apr 27, 2018

Buy above 0.7510. Stop loss at 0.7461. Take Profit at 0.7646. Reason for the trading strategy: Price is approaching our major support at 0.7510 (horizontal overlap support, 78.6% Fibonacci retracement, 100% Fibonacci extension). We expect a strong bounce to occur at this level, pushing price up to our major resistance at 0.7646 (horizontal overlap resistance,...

MEX_Exchange Apr 27, 2018

Sell below 1.2927. Stop loss at 1.3000. Take profit at 1.2754. Reason for trading strategy: USDCAD is testing its resistance at 1.2927 (61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal, causing price to fall to its support at 1.2754 (38.2% Fibonacci retracement, horizontal overlap support). Stochastic (34, 5, 3) is...

MEX_Exchange Apr 27, 2018

Sell below 109.46. Stop Loss at 110.32. Take Profit at 107.83. Reason for the trading strategy: Price is testing its resistance at 109.46 (78.6% Fibonacci retracement, 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance), where we expect to see a reversal, causing price to fall to its support at 107.83 (61.8% Fibonacci...

MEX_Exchange Apr 24, 2018

Sell below 109.19. Stop loss at 109.81. Take profit at 107.94. Reason for the trading strategy (technically): USDJPY is approaching its resistance at 109.19 (76.4% Fibonacci retracement, 50% Fibonacci retracement, long term 61.8% Fibonacci extension) where we expect to see a reversal, pushing price down to its support at 107.94 (100% Fibonacci extension, 38.2%...

MEX_Exchange Apr 24, 2018

Buy above 150.58. Stop loss 149.69. Take profit at 153.85. Reason for the trading strategy (technically): GBPJPY tested its support at 150.58 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support, ascending support line) where we expect it to rise further to its resistance at 153.85 (100% Fibonacci extension, 61.8% Fibonacci...

MEX_Exchange Apr 24, 2018

Sell below 9175. Stop loss at 9464. Take profit at 7821. Reason for the trading strategy (technically): We see price testing its major resistance at 9175 (, 76.4% Fibonacci retracement, 50% Fibonacci retracement, horizontal swing high resistance) where we expect price to react off it, pushing it to its support at 7821 (50% Fibonacci retracement, horizontal...

MEX_Exchange Apr 24, 2018

Sell below 1.2854. Stop loss at 1.2953. Take profit at 1.2651. Reason for the trading strategy (technically): USDCAD is testing its resistance at 1.2854 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal, causing price to push down to its support at 1.2651 (61.8% Fibonacci retracement,...

MEX_Exchange Apr 23, 2018

Sell below 9060. Stop loss at 9464. Take profit at 7821. Reason for the trading strategy (technically): We see price testing its major resistance at 9080 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, 50% Fibonacci retracement, horizontal swing high resistance) where we expect price to react off it, pushing it to its support at 7821 (50% Fibonacci...

MEX_Exchange Apr 23, 2018

Sell below 1.0663. Stop loss at 1.0701. Take profit at 1.0551. Reason for the trading strategy (technically): Price is testing its resistance at 1.0663 (100% Fibonacci extension, 50% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap resistance) where we expect prices to react off its, pushing its all the way down to its support at 1.0551...

MEX_Exchange Apr 23, 2018

Buy above 1.3991. Stop loss at 1.3925. Take profit at 1.4182. Reason for the trading strategy (technically): GBPUSD is approaching testing its support area at 1.3991 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where we expect to see a bounce, pushing price up all the way to its resistance at 1.4182 (50% Fibonacci...

MEX_Exchange Apr 23, 2018

Sell below 1.6032. Stop loss 1.6068. Take profit at 1.5960. Reason for the trading strategy (technically): EURAUD reversed nicely off its resistance at 1.6032 (61.8% Fibonacci retracement, 100% Fibonacci extension) where we expect to see a further drop to its support at 1.5960 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support)....