Long USDMXN. USDMXN is in an uptrend, and I think we can see this pair go further than 21.00 MXN.
-It has already finished a channel pattern, and this is an absolute buy trade.
USDMXN
USDMXN. Long I'm waiting for this correction to finish to place an order to buy in USDMXN.
I think we can see USDMXN near 21.4 - 21.5.
-We have a channel pattern and a correction to the downside, so I'm just waiting for this trend to change direction.
IS USDMXN READY FOR BREAKOUT ? #BLESSEDPIPS HELD GREAT SUPPORT AT THE 0.786 FIB RETRACEMENT , LETS SEE WHAT HAPPENS FROM HERE.
#BLESSEDPIPS
USDMXN on a spicy level 🦐USDMXN is currently testing a weekly support.
The price is trading above an ascending trendline with some retracement to the upside for a test of the 0.5 and 0.382 Fibonacci level.
According to Plancton's strategy if the price will break below the structure we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDMXN top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.
Peso down move to 18.80500 (USD/MXN)Very slow market on the weekly with over extended correction on lower time frames. Expecting price to drive down to 18.8000 range before any possible longs
USDMXN | SHORT-Values-
Entry Range: 19.93293 - 19.97017
Average Entry: 19.95845 (RRR: 1.86)
Stop Loss: 20.00931
Profit Target: 19.86254
-HOW TO ENTER MY TRADES-
1. Ladder your entries.
You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled.
2. Only first touches are valid.
If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid.
Example:
Trade Idea:
Valid and Invalid Entry:
USDMXN - SELL
Momentum trade : Full bearish in W and D1
Confirmation in H1
Keep an eye in the way it return to our demand zone
Idea usdmxn timeframe analysisHello Trader, Here is the market analysis for this pair, Let me know in the comment section below if you have any questions, The entry will be taken only if all rules of the strategies will be satisfied.
USDMXN A Little Bit MoreHello Traders
Here is Quick Analysis on USDMXN
Base on the counting, the price is still downtrend to complete wave 5
USDMXN, a bullish AB=CD pattern could be materializing A possible bullish AB =CD pattern may be forming in the Mexican peso - US dollar pair.
My hypothesis is that it will return to at least 20 pesos per dollar and then rebound. The most that could fall would be around 19.6 pesos per dollar.
The potential reversal zone (D) coincides precisely with the 127.2% of the fibo and with a level that served as support in mid-February, so a reaction should be expected when it touches it.
You can either go short from here until it hits 20 or wait until it reaches that level to go long.
USDMXN My ViewThis is what I see what I see from the daily perspective, a small flag formation signaling a potential impulsive move to the downside. I anticipate a long term downwards movement and preferably enter at current market price.
Let me know what you think.
USDMXN ANALYSISUSDMXN broke downtrendline
Price is based above key level at 20.5560
Price is based on HVN at level 20.6670 which indicates that pair is in accumulation phase
MACD shows weakness in bearish momentum
It's expected to target resistance level at 20.9320
USDMXN MARKET ANALYSISUSDMXN idea. Price has been maintaining a steady uptrend breaking previous zones.
LONG POSITIONUSDMXN ; TECHNICAL
FORECAST:BULLISH
We can see a simple head and shoulder pattern forming on USDMXN pair which we can see price bounce off that support level of (20.5297) zone
with a target around (21.6299) psychological Resistance zone
If you find this helpful and want more FREE Updates on TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
1_GFX English Support Team ❤️
