USDMXN losing steam at Bearish Crab completion level

20 Nov 2018

USDMXN is drawing an ascending wedge which I think it's going to end by visiting either the 50 or 200 MA or the trendline support as well. This trade may take a while to develop, the last trade I made on this pair took 32 days to reach TP.

26 Nov 2018

Dagangan aktif

Sell limit was triggered today at 62.20
Stop loss 21.10
Take profit 19.71 - 19.21

26 Nov 2018

Nota

Typographical mistake: Sell limit was triggered today at 20.62**

8 Dis 2018

Dagangan aktif

We have a double top in action, we might see some consolidation here, now is safe to short the USDMXN to 20.0 where price might find some support, but the most probable it will break it to the downside.



My trading plan for this pair the upcoming week is to short any pullback until 20 and expect a break below that level.

13 Dis 2018

Nota

The price has tumbled to support level after drawing a head and shoulders pattern and breaking its neckline, and is currently drawing a symmetrical triangle, my plan is to short any pullback or sell if price closes below $20.00 in the H1 chart.



Just as additional info: In the H4 chart we have a MACD bullish divergence.

17 Dis 2018

Dagangan aktif

Looking for sell opportunities for the incoming week. We have FOMC meetings on Wednesday so beware and trade them only if we have an attractive Risk Reward Trade: