Trading Ideas
new week pattern
Sun, 10 Dec 2017 09:20:43 -0600
USD/MXN 1H Chart: Rate tests short-term channel
Fri, 08 Dec 2017 03:46:42 -0600
USD/MXN has been trading in a neat channel up for the last five months. The pair bounced off the bottom boundary of this medium-term pattern on November 29 and has since initiated a new wave up. It is likely that the pair respects the current channel and thus continues appreciating during the following two weeks up to the 19.40 area. In the meantime, the US Dollar has been testing a junior channel for a couple of hours. Its failure to surpass the 18.98 area suggests that the rate could egde lower in this session. The nearest resistance is set by the weekly R2 and the 55-hour SMA circa 18.87, while a more probable downside target is the 18.75 area where the 100-hour SMA and the weekly R1 are located.
Long and large
Fri, 08 Dec 2017 01:30:56 -0600
The benefits of the beginning
60 days EMA and 0.5 retracement. USDMXN might get back to it's
Tue, 05 Dec 2017 02:13:05 -0600
60 days EMA and 0.5 retracement. USDMXN might get back to it's uptrend (90% sure)
USD/MXN - Strong Buying Opportunity
Mon, 04 Dec 2017 05:14:43 -0600
Whats up traders, I hope you all had a good weekend. With USD/MXN recently rallying straight of a downtrend, it was bound to have a correction. Here I have USD/MXN on the 1D chart. Price recently had a small downside correction after an up impulse. Price recently showed a pullback after the up impulse and small upside since. I believe this is a very high probability upside move. We don't get such good quality trades often and I love the set up! After the up impulse, price corrected to the Fibonacci retracement , 200 major moving average, and sideways support. When price hit the level mentioned, there has been multiple doji candles, and some very gentle bullish pressure. This very subtle shift from bears to bulls is absolutely perfect, and I am expecting a very strong up move from this area. This trade is a gem, and you don't get them this good often. For those who trade indicators, I also accidentally found a compelling bullish Stochastic divergence with this analysis. Usually I would not post indicators on my charts, but due to how strong and compelling the bullish divergence is, it is worth noting for this analysis and can be found on the above chart. I am expecting price to move to the upside, to the 3 wave target of 19.4000. My bias is up for this pair, however there are is 2 key trading scenarios that could play out for price to complete the desired move. -Price retests the swing low (The 18.5000's level where price had it's previous correction low) before having the move to the upside target. -Price rallies from current levels, straight to upside target (Due to the nature of this set up, this is surprisingly likely) Bare in mind that this trade could retest lows before upside, so you must use this analysis as a guide but trade using your own. I will be updating this analysis as the trade progresses.
Big move Upside expected - Swing
Sat, 02 Dec 2017 01:30:20 -0600
Big move Upside expected - Swing
Big move Upside expected - Swing
Sat, 02 Dec 2017 01:18:36 -0600
Big move Upside expected - Swing
Sat, 25 Nov 2017 18:54:19 -0600
USDMXN Bullish Extension
Fri, 24 Nov 2017 11:59:38 -0600
Trading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. In this situation we are now waiting for Awesome Osci to go into positive territory for trade entry confirmation for movement to the downside. Market execution for entry, confirmation will be required for entry. Risk Description: Once signal is confirmed 9000pips will be up for grab with small risk SL at swing low. Profit expectations: 15 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Divergence in 1H£
Thu, 23 Nov 2017 23:23:47 -0600
i´m learnin about divergences, is this a valid divergence£
USD/MXN 1H Chart: Trades near weekly S2
Thu, 23 Nov 2017 05:59:21 -0600
USD/MXN 1H Chart: Trades near weekly S2 The American Dollar has been losing value against the Mexican Peso in a small descending channel over the last two weeks. However, two days ago this pattern started to transform into the falling wedge formation amid the pressure from 55- and 100-hour SMAs. As downside momentum from the yesterday’s FOMC Meeting Minutes publication came to an end, the breakout from the pattern is likely to happen already by the end of this trading session. In this sense, the weekly S2 located at the 18.60 level might be used as a perfect barrier for the upcoming turnaround. As there are no American fundamental data releases scheduled for today, there is little chance that the buck will sank even deeper. Even though market sentiment is 68% bullish, the rate is expected to continue moving to the bottom edge of dominant channel up.
USDMXN - Possible upward movement
Wed, 22 Nov 2017 16:07:32 -0600
Long. Target 19.00
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