USDMXN
ridethepig | BRL for the Yearly Close📌 BRL for the Yearly Close
This diagram illustrates the LT map for those in BRL and tracking Brazil for good opportunities into 2021. According to my INR maps, again a very similar cycle count which is decisive for profit taking:
The BRL now has the attacking position at the highs after completing a multi decade 5 wave cycle from 1.50 towards 6.00. But here is the weakness, we are already seeing profit taking as the USD enters into a structural decline, we have yet to mention the advantage Brazil has with particular focus on the agriculture side.
The correct ways to play this in equities also come from companies like $ALTA which was one of the first gold mining companies to capture the 2020 flows in Brazil. It is reaching an initial target to that in the expectations, now add BRL appreciation to the mix and you can see how we arrive at the 600% targets:
A very good luck to those looking for opps in Brazil, the currency is not afraid of the flank attack and note anyway that you can capture value on Brazilian exports into countries like USD and MXN. Just note how nearest support at 4.63x is -10% from here and the extension below at 3.9xx is -23% from current levels, both are in play for 2021.
Thanks as usual for keeping the feedback coming 👍or 👎
SEGUIMIENTO DE COMPRAS?HE COMENZADO A OPERAR ESTE PAR YA QUE ME PARECE BASTANTE INTERESANTE, LA PRIMER COMPRA (NO MARCADA AQUI) NO ME LA RESPETO Y ME TOCO SL PARA DESPUES IRSE A MI TP. LA SEGUNDA COMPRA QUE METI (TAMPOCO MOSTRADA AQUI), ME LA RESPETO Y COMO MIS EMAS ME SIGUEN REPSETANDO AL IGUAL QUE EL STICH POR ESO DECIDI METER UNA TERCER COMPRA.. LA RESPETARA?
USD/MXN Multi-Timeframe analysis- update!!!Hello Traders, here is the full 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. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USD MXN BUY (US DOLLAR - MEXICAN PESO)Hi there. Price is forming a reversal pattern to change its direction.
These are the fundamental reasons for a possible USD/MXN bullish scenario:
Sentiment shifts:
Bullish scenario:
A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no deal by EU summit.
In this scenario we would expect to see downside in equities across the board, with US equities expected to fall more if we see US stimulus talks break down and more downside for EU equities if we see Brexit talks collapse and upside in the dollar across the board.
Strong equity sell offs are usually accompanied with some support for the US dollar as the world’s reserve currency and with its safe haven status as well as Japanese yen and Swiss franc .
USDMXN - Peso technical analysis! Peso! It's an EM currency that I enjoy trading the most, it's the behaviour the MXN moves. It's important to seek out how currencies behaviors are.
Now let's dive into the technicals:
Pattern: Wedge
Support: 19.79294 - 19.71330
Resistance: 19.93628 - 20.07432
Long: Above 1st resistance area and close above 20.07400 areas Target areas: 20.4000 - 20.37660 (200 EMA Area)
Short: Below support areas 19.71330 and confirmed close Target: 19.54620 - 19.30700
Key tip: It's important for confirmed closes, as you could get a fake a break out as well.
Remember: Just a trade idea, not a recommendation.
All the best,
Trade Journal
Is this the start of WAVE 3 for the USDMXN - target $31 pesos ?After entering at $19.70, now it is time to look for a long term target.
Hopefully this is just the start of WAVE 3, that could move price upward to $31 pesos per USD
Good luck !
USDMX on bearish run 🦐USDMXN after the break below the weekly support retest it few times.
The market created an ascending h&s pattern and recently broke below a minor support.
After the retest we can expect a continuation to the lower levels.
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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 expect sharp move to the upsideFinal wave to the downside is getting completed after trapping so many buyers in, watch price action for long, wait for a proper bullish candle on 1h chart and add in corrections (bullish flags)
Good luck everyone
Good entry point at $19.70 - bounce from EMA (200 weekly) Historically (past 6 years) price has bounced at EMA (200 weekly), Stochastics is at very low
Hopefully this time can do it again
Model Buy Signal: 20.1950 #forexIngenuity Trading Model used in- Stock, Forex, Futures, and Crypto markets. For Stops, Targets and overall Portfolio/Trade Management join us.
The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
ANALYSE USDMXNWE CAN TOOK A BUY POSITION BECAUSE THE PRICE MAKES a nice head and shoulders and also we can wait for crossing up the resistance
USDMXN Carry Trade Positive Swap for shortsKeep a look out here, Would prefer a higher pullback into Supply Zone
USDMXN SELL Price has been moving downwards respecting that trendline. Everytime price returns back to test it , it falls. This is the 3rd touch. After price mad some sort of bullish flag on the M15, broke out and retested, I will be taking a short position here. My target is the lows that have been made before. Risk management is key. If Price breaks the trendline and closes outside of it , I will close the trade.
