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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USDMXN
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 - 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 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