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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USDMXN
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.
USDMXNThis is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
USDMXN Sell set upPrice has finally broke the big daily rtange where it was sitting for 2 weeks and yesterday we jsut got a close below the bottom and tneck area of that double top too soight now im expecting atleast a drop to the 18.45 area
Short USDMXN, H4This is a nice set up for USDMXN
Entry point: 18.89975
Take profit: 18.58529 (314 pips)
Stop loss: 18.94975 (50 pips)
Please use risk management, this trade is dangerous!
Good Luck People!!
USD/MXN has a bullish divergence on daily chart!!!I see a bullish divergence at macd signal line on daily chart!!!
Profit Targets:
18,86
18,97
19,13
Stop loss:
18,63
Have a nice day,
Berk.
USD/MXN will recover in the following daysThe pair will recover in the following days after a series of decline in the value of the US dollar. The US House of Senate finally passes the ratified NAFTA (North American Free Trade Agreement) last January 16. This will leave President Donald Trump the only person to either pass or veto the bill. Once approved, leaders of Canada and Mexico will still need to sign the deal before it will take effect. If rejected, the US Congress will need to ratify the deal once again. Despite this optimism, Mexico is having problem on its economy. The country recently fell from the list of ten (10) most attractive countries for investment. The United States was still leading the pact while China comes second. The report for the list cited policy uncertainty and trade conflict as the reason for the removal of Mexico from the top ten (10). Meanwhile, the United States continues to hit records for its indices following the signing of the US-China phase one trade deal.
USD/MXN change of trendsUSD turns the tables and starts to beat developing country currencies. My target is for the main trend, if you wish, you can take your first profit at the level in 19.07.
Follow to hear more.
Entry: 18.895
Stop: 18.75
Target: 19.25
Have a nice week!
USD/MXN: New Multi-Year Lows ExpectedThe Mexican Peso benefited greatly recently on the back of the new USMCA, agreed between the United States, Mexico and Canada. I expect the price action to eventually move below $18.00 in the coming weeks and months after the pair broke below the multi-year triangle.
