USDMXN
USD_MXN BREAKOUT LONG|TRADING PLAN
USD_MXN BROKE OUT OF RESISTANCE.
LONG ON PULLBACK
(1) The pair is generally in the downtrend
(2) But a support formed
(3) Together with breakout, its a long
(4) A retracement of a strong downward movement on higher timeframe
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USDMXN Potential Buying ZoneHello Fellow Traders
USDMXN has reached 61.8% Fibonacci Retirement for Timeframe H4. I forecast that the price will make a sideway.
For the price to confirm uptrend, it must break the Wave 2 & Wave 4 trendline.
This will signify the last Wave 5 before going short. Maybe during US Presidential Election we can see that USD weaken.
USDMXN Potential Selling Zone For Wave 5Hi Fellow Traders
Here is an update for USDMXN. My prediction is that the price is now forming Subwave 4 for Wave C before Bullish comes in.
For safe trade, please wait the price to enter the selling zone or wait the price at buying zone for buying opportunity
Note: If You found it useful to your analysis, i'll be glad to receive some donation. Thank you
Short set ups for USD/MXNWe have a short set up for the USD/MXN as the dollars safe-haven demand is reduced as equity markets rebound higher.
The Widening of interest rate differentials since the FED pegged rates near Zero, makes the U.S dollar the perfect Funding currency to purchase the Mexican Peso that an attractive investment currency.
USDMXN Completing Wave CHi Fellow Traders,
Today USDMXN show a promising move which can completing Wave C for Higher TF. For low risk entry please wait for " Buying Zone".
If price breaking Invalidation Level, it will create a new impulsive move towards downtrend
My projection is that the USD will rally strong until US Presidential Election so I'm expecting that USDMXN will be bullish completing Wave 5 in Higher TF
FX:USDMXN
USDMXN on a spicy level 🦐USDMXN on the daily chart hit the monthly support (purple one) and started a strong bullish impulse.
The market hit the upper trendline which is also at the level of a weekly resistance and retraced a bit.
IF the price will manage to break and close above that level we can set a nice long order according to PLancton's strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
USDMXN: Big Bullish Movement... Good Buy Opportunity!!We managed to see a crucial retest from 61.8 fib level for USDMXN. A good exotic pair to enter a BUY trade as we see it heading towards the resistance level @23.2200. As we starting seeing USD gaining strength, I believe price level could break 23.2200 resistance and head towards 1.618 fib level where we starts to see strong resistance pressure which we could potentially see a fall from there retesting 23.2200 and heading for the next resistance at close to 25.0000 price level. As of now, I will trade the BULLISH opportunity but do watch out for possible rejection at 24.0000 price level.
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USD_MXN STRUCTURE LONG|
USD_MXN IS TESTING CHANNEL RESISTANCE AFTER DISREGARDING HORIZONTAL STRUCTURE
(1) Horizontal resistance disregarded. The channel lines were perfectly respected
(2) IF breakout is confirmed>>>
(if candle closes ABOVE the level)
(3) Long up to the next resistance.
(4) If not, a short looks good.
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USDMXN LONG SWINGUSDMXN beautifully touched monthly support and rejected with a daily bullish engulfing. I initiated buy on the next daily candle. Daily also shows bullish divergence on obv and we have been in an uptrend since 1999. Great long term setup looking for new highs on monthly. Lets see what happens considering everything going on in the world.
Leave a like and lmk what you guys think. This is only my third post.
Currently 3-0 right now :-)