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Brake of major support
Waiting for the daily candle to close beneath support. Retest and continuation down south to about 20.2000. Can be a big move. I am pretty new to this so don't follow blindly.
USDMXN strongly bearish
USDMXN looking bearish with bearish short continuation pattern this should head down good luck and happy trading. Risk accordingly good luck and happy trading
BCR of Supply and Demand Zone
TIP AND RUN STRATEGY 4 HOUR CHART BCR OF SUPPLY AND DEMAND ZONE PAIR : USDMXN SHORT ENTRY : 21.30459 STOP : 21.49230 TP : 20.95035 SET AND FORGET : * EXIT = TP HIT or STOP HIT
USDMXN is firing to the downside, if you are not already in then wait for a pull to the entery. Good luck!
One from the watchlist (Sniper)
Got what we were waiting for on the watchlist which was a BCR of the supply and demand zone, we also got a daily BCR of the 200 EMA - all signs point to a downward move DAILY BCR of 200 MACD crossed WWV red Squeeze red 4H Breakout of descending channel WWV red MACD crossed Squeeze red POLR downside 1H BCR below bottom of channel BCR below S+D zone Closed below 8EMA WWV red Wait for a couple more continuation candles before entering. Approx 1.4 RRR #DontFollowBlindly
surely the POLR is to trade between the daily emas 50 to 200.. if you enter below where we are now then youll be below 4hr and 1hr emas, aswell as having the momentum away from the retest of the 50 all in your favour
Please wait for another bullish candle to close to confirm bullish momentum and execute longs to tar...view more
A- Weekly bearish & Broke the anchor on the daily 22.85990 1-Broke a major S/R on the 23.28616 level and retested it. 2-Broke the anchor of the 22.85990 of 4H as well 3-Golden cross on the 4H 4- 50.ish % pullback Entry: Wait for the pullback before entry - plus any confirmation sign, its a pullback in order not to get mixed with a reversal as the USD is getting some strength. RR: 1 Tp1: 22.40771 Tp2: 22.16683 Sl: 23.25049 This is my point of view, please do your own analysis & Trade safe! #DontFollowBlindly
Breakout of key level for next week: - Search for sells on H1 until levels 22.2200 and 21.4037 - Sell on daily with TP on 22.2200 and 21.4037 in extension.
WEEKLY GAP CLOSE SELL Stop - 3390 pips Target - 5251 pips Risk / Reward Ratio - 1.54 Weekly 8EMA gap Momentum to upside slowed down Lower high Daily All 3 indicators onside for a sell Bounced from resistance 4H All indicators onside for a sell Targeting 200EMA 1H BCR of 200EMA confirmed Pull back and rejection from 21EMA Death cross confirmed All 3 indicators onside for a sell Decent risk reward - Check your spreads and lot size. Risks: 1. 8EMA gap on 4H (covered by stop) 2. 21EMA on daily to combat Exit Strategy: Close if price closes above 200EMA on 1H (for a loss) Close if weekly gap is closed before we hit tp (for a profit) #DontFollowBlindly
USDMXN - Weekly Gap Close - Ignore Entry Level Weekly Chart - Price has risen (to it's highest ever point since 2003) and extended away from the 8EMA. Price has made a series of lower highs. Daily Chart - Price has broken below the 8EMA. Red/Green on the MACD with the start of red histograms on WWV. 4H Chart - Price has broken and closed below the 50EMA but extended from the 8EMA. What we're looking for to take the trade: (1) 1H Chart - Price to close the 8EMA Gap (2) 4H Chart - Price to close the 8EMA Gap (3) Indicators to be on side. Once the above are realised, target profit will be 23.56956 just above the 4H 200EMA. There may be possibility of further shorts on this pair but let's first close the gap. Please note this is my interpretation of the chart and should not be followed blindly. Good luck and trade safe.
A- Weekly & Daily uptrend B- US dollar is showing some strength. C- This is a tricky trade, explanation in the entry. 1- Broke the anchor on the 24.21365 level and showed price acceptance. 2- EMA's fanned to the upside nicely on the 1H-4H 3- Strong bullish momentum on the 4H. 4- Possible rising three patterns, and bounced back from the trend line. 5- Broke & Testing the anchor on the 24.41286 level. Entry: 6C- this trade is ranging between the S/R zone. 7C- tested the anchor on the 23.70913 level and bounced back to the upside. 8- Waiting for the BCR on the 1H to be closed and retest the 24.45870 level. RR: 1.28 TP1: 24.66560 previous high anchor TP2: 25.1065 precious highs SL: 23.96789 previous lows This is my point of view, please do your own analysis & Trade Safe! #DontFollowBlindly
tp is first h8 positive pip close above the 8 ema sl is price acceptance above the 8 ema see marks trading lab module 6 for explanation of price acceptance
USDMXN - Weekly 8EMA Gap Close (ignore Entry Price above). Weekly Chart - Price has extended away from the 8EMA. Daily Chart - Price is weakening. 4H Chart - confirmation that price is weakening. Red/Green on the MACD, Red Histograms. Momentum softening on the momentum indicator. Wait for price to B&C below the Daily 8EMA. TP at 22.54088, SL at 25.32976. Entry price to be determined by the break and close.
Enter short only after break close and retest of 23.70 level (orange box)
good luck happy pipping 4rr
trade idea for usdmx. price action strategy, that is the only one i trade see info in the picture, stop loss at previus highs, not at where i point out be cautious with the lot size, this pair move a lot
Look to buy USDMXN is trading up strongly and should continue and it bullish path. You can also follow my strategy if you want pls pm me
my system tells me its a reversal, well i cant tell you my system but i can give you other reasons major weekly support zone daily break and close above 8 ema 3 weeks rejection of suport zone monthly uptrend 4hr break and close above 50ema now testing 200ema 2 times pierced the 200ema on 4h range at the bottom when to enter? on retest of the 4hr 50ema goodluck
This is buy i took as it lines up with my trade rules and should go up at some point pls go to break even when in profit as it is taking some heat. But bulls will bounce back on soon. Good luck and happy trading
USDMXN BUY IDEA. BUY FROM ENTRY . RISK MANAGEMENT . LOT SIZE MANAGEMENT. CALCULATE RISK. MAKE YOUR OWN SL NOW. #E4EVOLVE
USDMXN SELL IDEA . SMALL TIME FRAME. ONLY EXE TRADE AT ENTRY. RISK MANAGEMENT AND MAKE YOUR SL #E4EVOLVE
USDMXN BUY IDEA . USE RISK MANAGEMENT AND MAKE YOUR OWN SL
This trade idea is for EURMXN not USDMXN EURMXN spining top doji at weekly 200 sma which has held up very nicely in the past and also doji on the daily chart. sl is close below daily doji tp is same number of pips as sl. this maybe good for more based on the weekly chart.