USDMXN
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
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USDMXN Bullish SetupUSD getting a more bullish. Here is a possible setup for USDMXN I'm currently looking at.
USDMXN bUy TrAde (My View)Perfect Trade Opportunity With This Pair::: Fibs For TP 2 & 3... Yellow Line TP 1 ---- SL On Chart:: Start Your Week Right
USDMXN A very high probality trading opportunity.This pair is now approaching daily and weekly support and resistance level. A short trade from this level would a very high probability trade.
USDMXN sellers in chargerejection appeared and now sellers have taken control. I am short until the support area
USDMXN Target Price 21.49836 (Entry Price 20.86410)Wait for a pull back to horizontal support resistance level and dynamic support resistance level for an entry.
broke above prvious structure, and closed above Broke above previous structure and closed above, waiting for retest for another entry
USD/MXN breakout confirmed, upside momentum on the rise. LONG.Hello traders,
finally - after losing a few £££ while trying this long trade - this pair is giving me
some hope that there is scope for a long trade after all...
Went long at: 21.0411 with 1M contract; fixed-amount trailing stop (10-step) is currently at 20.8034 and
the take profit is at 22.000, making the potential loss about 1/4 of the potential profit.
Good luck to us all!
Francesco aka Forexistential
Will the USDMXN have escape velocity to break 20.77?Again, our favorite FX pair is the USDMXN....we follow it closely. The currently path upwards has first resistance at 21.77...tried once to break it and now has a second time to do it. We think it eventually breaks to the upside. The bottom is in!!!
