USDMXN
USDMXN short - Supply Demand - Rising WedgeHello Traders!
Nice possible setup for USDMXN. We have here a nice Rising Wedge Pattern. Price broke out and dropped. Now Price is making a correction. I expect it to go up to the SupportResistance and Supply Zone Area. From there we will watch Price Action for a nice Entry with a great Risk Reward Ratio.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
USDMXN SELL OPPORTUNITYHi traders, this is my trading idea on USDMXN for the next days.
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USDMXN | WEEKLY FORECASTPeso follows the step of the Yuan against the Greenback!
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Trendline | Support & Resistance
Observation: i. Price moves below support area @ 22.66000 affirms Breakdown structure with indications that the potential for the price to start trending downward is increasing.
ii. Price trailing the Bullish Trendline in a bid to correct Impulse leg finally breaks Trendline at 22.66000 confirming a change in direction.
iii . The second Breakdown of 22.44000 brings a level of confirmation to our bias as price nose-dives.
Trading plan: SELL confirmation with a minimum potential profit of 15,000 pips.
Risk/Reward: 1:3
Potential Duration: 3 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Nirvana! Forex
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDMXN short signal 🦐 After a retracement till the 0.5 fib level the market turn again down creating a bearish flag.
If the market will manage to break the fist structure and consequently break the flag we can set a nice short order according with our strategy.
Bear in mind that friday can be a tricky day.
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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 LongContrary to prevailing sentiment, I see USDMXN moving higher short-term. Price action forming bullish flag on shorter TFs confirms this scenario. However, due to volume gaps below, I will be taking profits early. GL!
USD/MXN MULTI-TIMEFRAME ANALYSIS 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.
USDMXN: LONGHello traders, last 3 weeks this pair has failed to go below our first strong support level at around 21.55 area and the monthly candlestick looks like it's going to close as bullish for the current month. The pair might show a little pullback for the first week of July but overall MXN is not going to recover soon so we keep on buying until major news is released supporting the recovery of MXN. I suggest you keep on taking profits along the way.
As you can see in the 4h chart our trendline (yellow line) is holding fine and a triangle formation is pretty much broken. A possible consolidation might happen in/around the blue box area but if it manages to go above the blue box then possibly a new high could be formed. Patience is key and please do NOT overleverage your trades, trade responsibly. Good luck to you all.
USDMXN: LONGHello traders, last 3 weeks this pair has failed to go below our first strong support level at around 21.55 area and the monthly candlestick looks like it's going to close as bullish for the current month. The pair might show a little pullback for the first week of July but overall MXN is not going to recover soon so we keep on buying until major news is released supporting the recovery of MXN. I suggest you keep on taking profits along the way.
As you can see in the 4h chart our trendline (yellow line) is holding fine and a triangle formation is pretty much broken. A possible consolidation might happen in/around the blue box area but if it manages to go above the blue box then possibly a new high could be formed. Patience is key and please do NOT overleverage your trades, trade responsibly. Good luck to you all.
USDMXN: LONGHello traders, last 3 weeks this pair has failed to go below our first strong support level at around 21.55 area and the monthly candlestick looks like it's going to close as bullish for the current month. The pair might show a little pullback for the first week of July but overall MXN is not going to recover soon so we keep on buying until major news is released supporting the recovery of MXN. I suggest you keep on taking profits along the way.
As you can see in the 4h chart our trendline (yellow line) is holding fine and a triangle formation is pretty much broken. A possible consolidation might happen in/around the blue box area but if it manages to go above the blue box then possibly a new high could be formed. Patience is key and please do NOT overleverage your trades, trade responsibly. Good luck to you all.
USDMXN ANALYSISUSDMXN broke major downtrendline
Price is based above HVN at level 22.2121 which indicates that pair is in accumulation phase
Price respects uptrendline
Broke consolidation triangle pattern
MACD shows weakness of bearish momentum
RSI is above level 50
It's expected for coming bullish wave to target first key level at 23.6035
then target following resistance level at 24.3960
USDMXN Small Lot ShortGoing for an entry after a few weeks of avoiding the market.
DXY looks like it's retesting and going to weaken.
SMALL LOT!
Sell USDMXN at 22.7597 (now) -> sl: 22.9584 tp: 21.5089
SL = -198pips
TP = +1,250pips (large/wide TP *for now)
1.00 Lot =
SL = -$872
TP = +$5,489 (large/wide TP *for now)
Plan accordingly
H1-H4 Timeframe
USDMXN Entries for Bearish oppertunities.You could sell here but I won't tell you how to trade. Here's some trade analysis
USDMXN IN A DESCENDING CHANNELUSDMXN is currently in a descending channel. I would like to go for a sell if price reverses from the trend line. Be aware of support at 22.18. Price could react of this support so keep an eye on it.
USDMXN:BUYI have been keeping an eye on this pair for a while now, last week I managed to buy small position at around 21.70 area I'm gradually adding a position to my existing one...good chance this pair might try to go down to the yellow support area (21.00 to 20.60) but for now the odds are against short and favor LONG. I have been killin' it on this pair since March and this is my third major trade for potentially big gains... I have attached all my analysis since early May... we are done with shorting this pair it's time we go LONG now!! Good Luck! comment your ideas below....
USDMXN top-down analysison DAILY: USDMXN is retesting a strong demand zone in green so we will be looking for objective buy setups on lower timeframes.
on H1: USDMXN formed an objective channel in red so we are waiting for a momentum candle close above the last swing that forms around our upper red trendline to buy.
meanwhile, until the buy is activated, we would be overall bearish
usdmxn m30 - btmm I'll update this trade idea regularly =)
- Price broke out of the double bottom on the M30 timeframe.
- That resistance now becomes a level of support.
- Additional accending trendline to support the long
