USDMXN
USDMXN UPDATE! This 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!!!!!!!!!!!
ORBEX: USDMXN Correction Hints to Further DownsideUSDMXN is currently correcting towards the golden Fibonacci retracement of the last impulse wave to the downside. This follows the completion of corrective minor wave 4.
It could be then followed by a final 5th impulse leg in the minor degree, eying the 100% Fibonacci extension of waves 1 and 2, near 18.34.
USDMXN SELL SETUPWe got an interesting set up here, the price has just broke a monthly triangle pattern, testing the broken line with some good rejects and making a corrective structure and broking it too, now i would like to see a testing of the recent broke structure with a bearish candlestick pattern to confirm that price is going down.
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USDMXN Price is showing bullish run to weekly povitThis 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 Will price respect support again? This 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!!!!!!!!!!!
Bullish Reversal on USDMXN (Positive RR of +2.27)USDMXN is coming out of a bullish reversal contraction which has found support at an important DC level 18.89460, only then can we focus on trading till the TP levels (green).
The main two resistances price action needs to break are 19.04180 and 19.12485.
TP #1 - 19.27560 ( pips 3299 / RR 2.27 ) our profit target
TP #2 - 19.36510 ( pips 4190 / RR 2.90 )
SL - 18.80055 ( pips 1450 )
Long on USDMXNI am expecting DXY to head above 102.00 so with a bullish USD & the new UMCA trade deal that Trump got done I am very bullish on the USD Index until 102.00.
USDMXN CHANGING TRENDUSDMXN rebound from strong demand zone on H4 frame
Price broke downtrendline
Trading above Moving average 100
It's expected to go upwards to the level 19.21
then price will throwback to get the target at HVN near level 19.5588
ORBEX: Trump LOST Round 1 of Impeachment Battle!Trump was impeached yesterday and lost! But the trial timing remains in doubt, keeping parties on their toes!
Meanwhile, BoJ kept interest rates unchanged overnight and now we have to wait and see if BoE adds to the downside risks on #no-deal fears, or encourage bulls with a rather hawkish stance?
I talk about all that in today’s market insights while analysing watch-listed FX Minors that move (hint: Loonie)!
Timestamps
GBPAUD 4H 02:30
CADJPY 4H 03:45
USDMXN 4H 05:40
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
USDMXN Trade Idea - SHORTRegarding the American Dollar against the Mexican Peso, I believe even though there is a possibility of price still going up towards 19.02, we should see a further downward push on a short term. My personal goal for this trade is just around 50 pips.
USDMXN, What can happen...The price is in the big triangle now.
It can be a few more movements in this figure.
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Before to trade my ideas make your own analyze.
Write your comments and questions here!
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MEXICO -> SWING TRADE IDEA :) USDMXN 11/12/2019Hello Traders!
This time setup idea with MXN :)
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
MEXICAN POTENTIAL PLAY - PENGUINS SPECULATE:) USDMXN 7/12/2019Hello Traders!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few different types of reactions from this level
Target sign - the first target to focus on
Thunder sign - spot to react - possible jump to push into reversal
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to PM us!
Thank you for your attention,
GOD BLESS U ALL!
USDMXN Trend ReversalUSDMXN has been in a well defined uptrend with higher lows and higher highs. We hit a resistance zone around 19.60 which, scrolling back, has also been a flip zone.
From here, we did not make another higher high. In fact, we made what appears to be a double top pattern.
19.42 was the previous higher low swing zone that we were watching for a break. Price tested this zone, before making a lower bounce and then finally breaking and closing this zone with a strong red candle.
I would consider taking profits at 19.25, however we cannot ignore the flip zone around 19.3150. Keep an eye out on how price reacts there.
Also we do have US Non-Farm Payrolls tomorrow which obviously is a major event for the US Dollar.
