Now may be a time to invest in Mexico, especially with not taking on further debt...
That being said, this is really more technical and trying to catch a falling star. I believe that USD MXN will go further down. I issue the monthly chart to show that it has gone below the 20 EMA. Although, there are past transgressions below this line, the level that I am looking at is to touch the Monthly 50 EMA or slightly above it. It may go further down, but it is strongly possible to rise up. If you look at 1 hour, the other TP that is earlier to touch than this one, I believe is 20.35047. But that's awfully quick. My thesis is that since on the on hour we are seeing it below all three EMAS, that this time, would be the time for it to move down further. The TP I put here is based of the Monthly chart, and I believe that it will reach level. Please let me know what you think.
Natural Gas Daily Gap
There is a Daily Gap on Nat-Gas - Price is below the 200ema on the 15 min time frame - Waiting for the Retest and 3 healthy candle continuation on the 15 Timeframe
Nice H4 8 EMA Gap on EURCAD
Hi guys, I entered a sell trade on EURCAD because I liked the H4 gap of the 8 EMA. I didn't have the time to post it along the other trade ideas this morning. https://gyazo.com/d2af0bc6294db803f4316016b5763d0e I entered after the BC of the 15 TF 50 EMA. My SL is above the 15 TF 50 EMA and the previous high. I removed my TP because the price continues lower. I will close the trade if I get a BC above the 15 TF 8 EMA. The sniper indicators were on side on 5/15/H1. R:R is 1.04:1. Have a good day!
EG - Short Trade Opportunity
Hi guys, I'm looking for a sell opportunity on EG since yesterday morning. D1 - price is below the 50 EMA. H4 - I'm looking for a BCR of the 200 EMA and/or the S&D zone. H1 - we have a death corss. I will look for H1 C. I will enter on the 3rd C candlestick if it looks good. If not, it will be on the 4th. https://gyazo.com/87ac97f960d55f255d0acc14a956f5f1 The SL is above the EMAs and the S&D zone on H1. The TP is above the next S&D zone on H4 . If price continues lower I will look for the previous low on H4 around 0.84793.-0.00329 R:R is 1.80:1. Trade safe!
Now may be a time to invest in Mexico, especially with not taking on further debt...
Natural Gas Daily Gap
Nice H4 8 EMA Gap on EURCAD
EG - Short Trade Opportunity
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Andrew Lockwood
X30+ years experienceStarted in the trading pits of London with some of the biggest traders in the world. Migrated to screen trading around 2005 now trades full time focusing on FX, Indices, commodities.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Mark Bennell
X15+ years experienceCertified Financial Technician (CFTe), Diploma of Technical Analysis, Diploma of Share Trading and Investment. 14+ yrs trading experience. Focus on the process and the money will follow.
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