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15072017 | USDMXN HEAD AND SHOULDER BREAK

killer195175 15 7月的订阅  在 #Trader's blog #Usdmxn
Hello my dear friends and fellow community members,
Today I have spotted an H&S pattern break on the downside in the USDMXN. The pattern is fairly decent. Any rise in the price to the neckline may be used as an opportunity to short the pair with the target of 14.3000.
USDMXN DAILY CHART
Happy trading to all.
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9 JAN 17 USDMXN ANALYSIS

killer195175 9 1月的订阅  在 #Trader's blog #Daily Chart #Usdmxn #Downtrend #Trendlines #Weekly Chart
Hello, fellow community members and traders,
Today I have done a detailed top to bottom analysis of the pair USDMXN. As you can see from the beginning of the year 2016 this pair has been in a downtrend on the monthly as well as weekly charts. The pair seems to be taking support on the rising trendline on the weekly chart as shown in the image attached. But jumping again and again on this line may cause a break below the line.
USDMXN WEEKLY CHART

The idea is to sell the pair near falling trendli…
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galjasen 10 1月

good !

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7 JAN 17 USDMXN | CRASHED

killer195175 7 1月的订阅  在 #Trader's blog #Usdmxn #Sell #Central Bank
Hello fellow community members,
The central bank of Mexico initiated selling US Dollar in the open market on Thursday and the pair dropped in a very small time from 21.61226 to 21.62396. I expect the price to take support at the confluence of the rising trendline and the horizontal support near 20.8000 level.
USDMXN 4H CHART

The idea is not to sell but to wait for the price action on the confluence and enter a buy in the direction of the trend with a stop loss below the rising trendline.
Any co…
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killer195175 8 1月

Sorry for the typo error. It has dropped from 21.61226 to 21.12396.

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galjasen 10 1月

Thanks! Will wait

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