MEX_Exchange

MEX_Exchange

Sell below 107.98. Stop Loss at 109.23. Take Profit at 105.89 Reason for the trading strategy: Price is approaching our first major resistance at 107.98 (horizontal overlap resistance, 100% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 105.89 (horizontal overlap...

MEX_Exchange

Buy above 1.3988. Stop Loss at 1.3911. Take Profit at 1.4239 Reason for the trading strategy: Price is approaching our major support at 1.3982 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.4239 (horizontal swing high resistance,...

MEX_Exchange

Sell below 1.2350. Stop loss 1.2391. Take profit 1.2259. Reason for trading strategy: EURUSD broke out of its ascending support-turned-resistance line where we look to sell on strength at 1.2350 (23.3% Fibonacci retracement, horizontal overlap resistance). We expect price to fall all the way to its support at 1.2259 (61.8% Fibonacci extension, 78.6% Fibonacci...

MEX_Exchange

Sell below 0.7748. Stop loss at 0.7813. Take Profit at 0.7649. Reason for the trading strategy: Price is approaching our major resistance at 0.7748 (horizontal overlap resistance, breakout level). A strong reaction might occur below this level, pushing price down to our major support at 0.7649 (horizontal swing low support, 61.8% Fibonacci extension, 76.4%...

MEX_Exchange

Buy above 1.2672. Stop loss at 1.2587. Take profit at 1.2831. Reason for trading strategy: USDCAD is testing its resistance at 1.2672 (23.6% Fibonacci retracement, horizontal overlap resistance, descending channel). If price breaks past this level, it would have made a bullish exit from its descending channel and we would expect prices to rise further to its next...

MEX_Exchange Updated 

Buy above 107.367. Stop loss at 107.134. Take profit at 107.764. Reason for the trading strategy (technically): USDJPY tested its ascending support line where it is rising strongly. We look to buy on weakness at 107.367 (horizontal overlap support) where we expect prises to rise to its resistance at 107.764 (61.8% Fibonacci extension, horizontal swing high...

MEX_Exchange

Sell below 0.8797. Stop loss at 0.8837. Take profit at 0.8694. Reason for the trading strategy (technically): We see price approaching its resistance at 0.8797 (61.8% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci retracement) where we look to sell on strength. We expect to see a reversal, pushing price down to its support at 0.8694 (61.8% Fibonacci...

MEX_Exchange

Buy above 1.4060. Stop loss at 1.3991. Take profit at 1.4233. Reason for the trading strategy (technically): GBPUSD is approaching testing its support area at 1.4060 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support, ascending support line) where we expect to see a bounce, pushing price up all the way to its resistance at 1.4233...

MEX_Exchange

Sell below 8379. Stop loss at 8679. Take profit at 7850. Reason for the trading strategy (technically): We see price testing its resistance at 8379 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect price to react off its, causing it to fall to its support at 7850 (horizontal swing low support). Stochastic (55,...

MEX_Exchange

Sell below 1.5997. Stop loss 1.6040. Take profit at 1.5923. Reason for the trading strategy (technically): EURAUD is testing its resistance area at 1.5997 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, 50% Fibonacci retracement) where we expect to see a reversal, causing price to drop to its support at 1.5923 (61.8% Fibonacci extension, 50% Fibonacci...

MEX_Exchange

Buy above 0.7302. Stop loss at 0.7274. Take profit at 0.7395. Reason for the trading strategy (technically): NZDUSD is approaching its support at 0.7302 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, 38.2% Fibonacci retracement) where we expect to see a bounce, causing price to rise to its resistance at 0.7395 (61.8% Fibonacci extension, horizontal...

MEX_Exchange

Buy above 1.2627. Stop loss at 1.2527. Take profit at 1.2829. Reason for the trading strategy (technically): Price is testing its support at 1.2627 (76.4% Fibonacci retracement, horizontal overlap support) where we expect it to rise to its resistance at 1.2829 (76.4% Fibonacci retracement, 50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap...

MEX_Exchange

Sell below 8254. Stop loss at 8527. Take profit at 7516. Reason for the trading strategy (technically): We see price testing its resistance at 8254 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect price to react off its, causing it to fall to its support at 7516 (50% Fibonacci retracement, horizontal pullback...

MEX_Exchange Updated 

Sell below 1.2421. Stop loss at 1.2453. Take profit at 1.2345. Reason for the trading strategy (technically): Price is approaching its resistance at 1.2421 (78.6% Fibonacci retracement, horizontal swing high resistance) where we expect price to reverse, pushing it all the way down to its support at 1.2345 (horizontal overlap support). We do have to be cautious of...

MEX_Exchange

Buy above 0.9608. Stop loss at 0.9570. Take profit at 0.9712. Reason for the trading strategy (technically): USDCHF is being held in its bullish channel where we look to buy on weakness at 0.9608 (61.8% Fibonacci extension, 50% Fibonacci retracement) where we expect prices to rise to its resistance at 0.7124 (61.8% Fibonacci retracement, horizontal overlap...

MEX_Exchange

Sell below 8349. Stop loss at 9103. Take profit at 6420. Reason for the trading strategy (technically): We see price testing its resistance at 8349 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect price to react off its, causing it to fall to its support at 6420 (horizontal swing low support). We do have to be...

MEX_Exchange

Sell below 83.311. Stop loss at 83.659. Take profit at 82.652. Reason for the trading strategy (technically): AUDJPY broke out of its ascending support where we look to sell on strength at 83.311 (23.6% Fibonacci retracement, horizontal overlap resistance). We expect prices to push down all the way to its support at 82.652. RSI (89) shows a corresponding break...

MEX_Exchange

Buy above 0.7746. Stop loss at 0.7708. Take profit at 0.7845. Reason for the trading strategy (technically): AUDUSD broke out of its descending resistance line where we look to buy on weakness at 0.7746 (38.2% Fibonacci retracement, horizontal overlap support) where we expect prices to rise to its resistance at 0.7845 (76.4% Fibonacci retracement, 100% Fibonacci...