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USDMXN Analysis Potential Short & Long PositionGood Evening Traders, #ForexFargo checking in! Today our analysis is on USDMXN. Please bare with me as I have never looked at this pair and this is my first analysis. The overall trend is Bullish indicating strong momentum. Price has rallied from Monthly Support Level @ 19.0000 to our Market Structure Level @ 19.35000. 350 Pips! Weekly Resistance Level is set @ 19.50000. Weekly Support Level is set @ 19.10000. Please refer to chart for detailed descriptions on Short & Long Positions. Happy Trading as always!
by BearishBull617
AUDUSD WEEKLY 3/24-3/29 ANALYSIS Happy Saturday Traders! #ForexFargo checking back in! Apologies for the extended absence, I have been refining my style a tad bit for you all! Today's analysis is on AUDUSD. I believe the overall Trend is Bearish. I have a few trade scenarios set up for how this upcoming week could play out! Please refer to chart for more detailed explanation! AS always, you know our basic Support and Resistance Levels are set! Weekly Resistance Level is set @ 0.71500. Weekly Structure Level is set at @ 0.70750. Weekly Support Level is set @ 0.70000. AS always, Happy Trading!
by BearishBull617
Potential AUDUSD Long/Short Position 50-100 PipsHello Traders, #ForexFargo checking back in! Today our analysis is on #AUDUSD. The overall trend is Bearish, although we've had some Bullish momentum today. Last week's price plummeted from our previous structure level of 0.71000 shooting down toward our 0.70000 region... which we haven't seen since Mid December. Since that big move, we've seen a change in structure levels at our 0.70750. In previous weeks, 0.70750 has acted as a strong Support Level. It has now swapped structure levels as a new Weekly Resistance Level @ 0.70750. Our Weekly Support Level is now set for 0.70000. I have set zones around key levels according to where price seems to have the most action, in my eyes. I haven't entered this trade yet, but will enter if price happens to return to 0.70500 region. If price returns I will enter as follows: RR 3:1 Entry @ 0.70500 SL @ 0.70350 (15 pips) TP @ 0.70900-0.71000 (40-60 pips) If price fails to return to 0.70500, I will see look to see if price holds above our resistance level. If not then, I will look for Short positions as follows: Entry @ 0.70900-0.71000 SL @ 0.71250 (15-35 pips) TP @ 0.70000 (90-110 pips) Good Trading!
by BearishBull617
USDJPY Potential 20-30 Pips Before NY CLOSEHey Traders, so I banked a few pips early today from the initial push that got us into the 110 region with this pair. I am now thinking that we will have another push before market close to get us back toward that 110.150 region right before Asia Session. I have my weekly Support Level at 108.500. I have weekly Resistance Level at 110.150. My thoughts are that we will see a final push from 108.850 to about 110.150. This is a 3:1 RR ratio. Entry @ 109.850 Stop Loss @ 109.750 Take Profit @ 110.150 IF, my take profit is hit on this Buy position. Then I will have a sell limit set for 110.150 hoping to catch the decline in prices during Asia Session. As always, please leave comments, questions, reviews! Over & Out!
Long
by BearishBull617
AUDCAD Analysis Hey Traders, sorry have been away for a few days. Today, our analysis is on AUDCAD. This setup will take a few days, so be patient as I am posting this before the start of the trading week. AUDCAD has been in HEAVY CONSOLIDATION since the beginning of January 1st. 2018. I have marked off my Weekly Resistance Level at 0.95750. I have marked off my Weekly Support Level at 0.94500. Basically, I am waiting for price to reach either Resistance or Support levels, then wait for a STRONG confirmation candlestick or confluence to let me know that price is moving in that direction. I believe that if we are to finally break through either Resistance or Support levels then we can expect a very big move as this pair has been building up momentum for a big decline or rally up! As always, please leave comments, questions or concerns! Thanks again, #ForexFargo
by BearishBull617