Trading Ideas
Fri, 20 Jul 2018 10:27:39 -0500
Mexican peso trend and "real price" speculation
Thu, 19 Jul 2018 10:33:31 -0500 Hello everyone, I'm a fledgling trader and this is my first thought/idea share in here. Right now I believe that the Mexican peso is going lower as the current political state of Mexico takes away some of the FUD as the new president-elect has been talking about developing the country's international relations and putting a somewhat stop on some of the radicalism that he preached before. If we change to the by week chart we can see that the peso may stay oscillating between 18.18 and 19.17 as it would reflect the actual Mexican economy state instead of some of the FUD surrounding the country.
Sat, 14 Jul 2018 03:20:06 -0500
I see it still coming down long till the 16 price area to make it is 4th Leg then reversing to becoming bullish
possible re-enter long entry
Fri, 13 Jul 2018 08:56:11 -0500
possible re-enter long entry
USDMXN in rapid fall
Thu, 12 Jul 2018 19:53:32 -0500
I am shorting USDMXN. Right now it is moving in the leftist Gann angle where price moves fastest in relation to time. Seasonal data confirms strengthening of Peso (means shortening of USDMXN) until 17.07.
Thu, 12 Jul 2018 12:26:53 -0500
AnyTime it will bounce back up ;only need to confirm the blue candle to take a long
Wed, 11 Jul 2018 10:52:39 -0500
Anticipating a double bottom to form as the neckline hopefully will get broken, which will also be confirmed secondly by the break of the trendline. The market points are assumed entry, sl, and tp areas. USD pairs are bullish at the moment, Im quite confident about this one too.
Tue, 10 Jul 2018 19:32:23 -0500
The pin bar price action reversal pattern shows that the particular price level was rejected. The indicated bars are a good representation of a pin bar formation. As you already should be aware that although we have all this information, the market still may not obey the rules we set, so at the red highlighted candle, it wasnt a succesful pinbar. Here is how you spot / identify a pinbar : Short Nose Small Body than the entire candle Long Tail/Shadow/Wick The lengthy tail should be showing you the rejected price action direction, meaning your next action will be the opposite of the direction of the lengthy tail.
Tue, 10 Jul 2018 18:16:21 -0500
There seems to be the 5 leg triangle forming in this pair, we are however confident of the current sell/short position looking at the monthly chart we have a confirmation candle confirming that reversal. I am unsure yet about labeling the triangle, feel free to advise.
Tue, 10 Jul 2018 15:00:52 -0500
A lot of bearish momentum, price is pushing through key support with a bearish engulfing. Will be looking for shorts on the retest of broken support as new resistance for price to make a push down to 18.50
Tue, 10 Jul 2018 12:28:12 -0500
Analysis posted in chart
Tue, 10 Jul 2018 03:37:49 -0500
There was a change of trend on the hourly chart of USDMXN after double divergence on the AO indicator. The breakout of the hourly fractal would be an optimal level to enter the market.
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