MEX_Exchange

MEX_Exchange

Sell below 8360. Stop loss at 9103. Take profit at 6426. Reason for the trading strategy (technically): We see price testing its resistance at 8360 (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 6426 (horizontal swing low support). We do have to be...

MEX_Exchange

Sell below 153.90. Stop loss at 154.57. Take profit at 152.13. Reason for the trading strategy (technically): GBPJPY is approaching its resistance at 153.90 (76.4% Fibonacci retracement, multiple swing high resistance) where we expect prices to fall to its support at 152.13 (23.6% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is...

MEX_Exchange

Sell below107.142. Stop loss at 107.341. Take profit at 106.649. Reason for the trading strategy (technically): USDJPY broke out of its ascending support where we look to sell on strength at 107.142. We expect prices to push down all the way to its support at 106.649 (38.2% Fibonacci retracement, horizontal overlap support). RSI (55) shows a corresponding break...

MEX_Exchange

Sell below 0.7652. Stop loss at 0.7685. Take profit at 0.7558. Reason for the trading strategy (technically): CADCHF is approaching resistance at 0.7652 (61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reaction, causing price to fall to its support at 0.7558 (61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic...

MEX_Exchange

Sell below 8360. Stop loss at 9103. Take profit at 6426. Reason for the trading strategy (technically): We see price testing its resistance at 8360 (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 6426 (horizontal swing low support). We do have to be...

MEX_Exchange

Buy above 0.7347. Stop loss at 0.7319. Take profit at 0.7394. Reason for the trading strategy (technically): NZDUSD bounced nicely off its support at 0.7347 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support) where we expect to see it rise further to its resistance at 0.7394 (horizontal swing high resistance). Stochastic (34, 5,...

MEX_Exchange

Sell below 1.4297. Stop loss at 1.4351. Take profit at 1.4123. Reason for the trading strategy (technically): GBPUSD tested its resistance area at 1.4297 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance), where it reversed nicely off it. We expect to see price drop further to its support at 1.4123 (61.8% Fibonacci...

MEX_Exchange

Sell below 107.98. Stop Loss at 109.77. Take Profit at 104.65. Reason for the trading strategy: Price is approaching our first major resistance at 107.98 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 104.65 (horizontal swing low...

MEX_Exchange

Sell below 1.4279. Stop Loss at 1.4345. Take Profit at 1.4092 Reason for the trading strategy: Price is approaching our first major resistance at 1.4279 (horizontal swing high resistance 61.8% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 1.4092 (horizontal overlap support, 61.8% Fibonacci...

MEX_Exchange

Buy above 0.7774. Stop loss at 0.7739. Take Profit at 0.7852. Reason for the trading strategy: Price broke out of our short term descending resistance-turned-support line. We look to buy above 0.7774 (horizontal overlap support, 38.2% Fibonacci retracement). A strong rally might occur above this level, pushing price up to our major resistance at 0.7852 (76.4%...

MEX_Exchange

Buy above 1.2566. Stop loss at 1.2458. Take profit at 1.2756. Reason for trading strategy: USDCAD is testing its support at 1.2566 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal overlap support) where we expect a bounce to happen, pushing price all the way up to its resistance at 1.2756 (61.8% Fibonacci extension, 38.2% Fibonacci...

MEX_Exchange

Sell below 1.2378. Stop loss 1.2455. Take profit 1.2233. Reason for trading strategy: EURUSD reversed nicely off its resistance at 1.2378 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect it to fall to its support at 1.2233 (61.8% Fibonacci extension, 78.6% Fibonacci retracement). We have also identified...

MEX_Exchange

Sell below 8349. Stop loss at 9103. Take profit at 6426. Reason for the trading strategy (technically): We see price testing its descending resistance line where we look to sell on strength at 8349 (100% Fibonacci extension, 38.2% Fibonacci retracement). We expect prices to fall to its support at 6426 (horizontal swing low support). We do have to be cautious of...

MEX_Exchange

Sell below 0.7777. Stop loss at 0.7813. Take profit at 0.7725. Reason for the trading strategy (technically): AUDUSD is approaching its resistance at 0.7777 (61.8% Fibonacci extension, 50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support) where we expect to see a reversal, pushing price down to its support at 0.7725 (61.8% Fibonacci...

MEX_Exchange

Sell Below 0.7378. Stop loss at 0.7436. Take profit at 0.7261. Reason for the trading strategy (technically): NZDUSD is testing its resistance at 0.7378 (100% Fibonacci extension, 78.6% Fibonacci retracement), where we expect to see a reaction, causing price to drop to its support at 0.7261 (61.8% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci...

MEX_Exchange

Sell below 83.56 Stop loss at 84.11. Take profit at 82.66. Reason for the trading strategy (technically): AUDJPY is approaching its resistance at 83.56 (100% Fibonacci extension, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where we expect price to react off it, causing it to push down all the way to its support at 82.66 (50% Fibonacci retracement,...

MEX_Exchange

Buy above 106.64. Stop loss at 106.13. Take profit at 107.50. Reason for the trading strategy (technically): USDJPY tested its support and bounced off it at 106.64 (61.8% Fibonacci extension, 50% Fibonacci retracement, 60% Fibonacci retracement, horizontal overlap support) where we expect it to rise to its resistance at 107.50 (61.8% Fibonacci extension,...

MEX_Exchange

Sell Below 0.7619. Stop loss at 0.7682. Take profit at 0.7487. Reason for the trading strategy (technically): CADCHF is approaching its resistance at 0.7619 (horizontal overlap resistance) where we expect to see a reversal, causing price to push down to its support at 0.7487 (38.2% Fibonacci retracement x2 swing low support). We do have to be cautious of the...