USDMXN
Lets See If USDMXN Is Going To TurnUSDMXN is hitting its channel trend line, this shot up like crazy, lets see what the market wil do
El peso, momento criticoEstamos en un momento Historico, pero aun mas critico para nuestro peso. Con EEUU encontrando una cura y mexico apenas entendiendo que estamos en una situacion de emergencia, podriamos ver el peso sobrepasar los 25 y ver los 28-30 pesos por dolar. Por el momento a encontrado resistencia en un a linea de tendencia en los 25 pesos, veamos que pasa,
USD/MXN Short ideaWe have a nice upwards channel with some big wicks pushing to the upside, as we have reached the top we can see a double top starting to form. Upon this double top forming we can see it has bounced straight off and closed below a separate trend line within our channel which to me is a sure sell signal.
I Have structured my zones of interest of where i believe price has the ability to bounce and consolidate but eventually coming down to the 61.8 which confluences with where one of my zones is placed. This fib line is around my TP zone of 21.000
We have three confluences in our favor for this short trade...given the current climate state anything can happen but i believe America hasn't seen it's true impact of corona virus yet upon which I see a weak dollar in the near future.
Good R:R but please trade at your own risk!.
USDMXN THE TREND IS ALMOST OVER OANDA:USDMXN has being on a uptrend roller coaster for the past few days and being showing sings of fake breakout but it's best to wait for the breakout and let it retest the trend line to be sure the uptrend is over.
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Traders! support this idea by giving it a thumbs up and HAPPY TRADING.
USDMXN Mark UpLet's see what happens.
Bias:
Bullish, but stay flexible.
*NOT FINANCIAL ADVICE*
P.S. I'll be publishing a lot of my ideas back to back in the coming days across multiple markets. It's honestly for me to keep track of my work along with sharpening my trading skills. So, enjoy.
USDMXN short opportunityusdmxn has reached a strong resistance line and I expect a fall.....however keep a tight sl as if it continues it can rise a lot more.
USDMXN Long Term Target (1-3 years): $28-33 pesos per dollar1M chart bullish pennant has broken to the upside, with a target of around $28 to 33 mxn per 1 dollar.
I'm pretty confident in this trade given it took 3 years for this pennant to form so its pretty clear cut TA wise. Also given the economic forecasts and the current administration, it's almost guaranteed.
Let's see how this ages.
Exotic Drawback Setup: USD/MXN ShortWe're going exotic for this one! I am looking for a drawback setup here and I've drawn my entry at a break of previous price structure support. My overall target will be the flat Kijun sen that is forming, and I've marked up some price structure to targets to aim for as well. Since this is only slightly more than a 2x risk to reward, I'll be taking a smaller risk trade for this one. If we fail to break support, this setup will become invalidated.
USDMXN HIGHER LOW AHEAD? MTFA ENGLISHNOVICE TRADER SPECULATION:
Hello Traders!
I tried to make this TA much easier to understand.
It looks like on D5, we are approaching what could be a very good long opportunity.
LOGIC BEHIIND LONG:
-TA
-ABCD Pattern
-Breakout
Entry at the Green Flag.
Live long and profit.
ZM
USDMXN expecting higher bearish market continuation
ENTRY: 19.20500
TP: 19.10000
TP2: 19.00000
TP3: 18.90000
SL: 19.40000
Chart time frame - 1D
Time for reaching TP - 1-3D
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All best!
USDMXN - Descending TriangleAfter the market rallied during the last week in favor of the US dollar , we sold off later on Monday making the chart bearish in the short run.
I expect the FED, Bank of Japan, and the European Central Bank to announce monetary policies to stimulate their economies.
In the long run, the descending triangle shows bearish for USD/MXN.
USDMXN PRICE ACTIONCrazy moves but still bagging steady, join the train if you can bulls still in play.
USDMXN - fast money in the third waveUSDMXN Looking setup for sale. A very volatile instrument that will bring fast money in the third wave.
USDMXN SHORT TRADEUSDMXN rejected by supply zone around 19.00000
MACD shows negative divergence
RSI also shows negative divergenc and overbought zone
price formed SHARK bearish harmonic pattern
price reached pattern target at 113% fibo level
so it expect bearish movement to demand zone around 18.54000
USDMXN opportunity for sellI took a sell from the top that was an aggressive one, but here after a correction, there would be a nice sell
USD Bullish to Mexican PesoBullish signal ! pattern Head and Shoulders on US dollar - mexican peso currency pier. Target 18,6848.
