Mexican Peso finally going to move after years of bouncingAs we can see, we are getting to the final of a continuation form but it is not clear if it's a continuation to the first big downward move or the bigger uppward move that comes from the ´90s - 2000´s. I just wanted to update you with this since it's a very clear year size form. My personal opinion is long in short term and short in the long term. I think it is going to go up in the short term and from the bounce we are going to see if it will continue up. I feels it is trying to get down since it has been there a lot of time every time it gets to that boundry, but history tells us that mexican peso tends to lose vs dollar since fiat money is around.
USDMXN
USDMXN Wave/Pattern AnalysisHello Traders,
USDMXN has been trading nicely with patterns
In the recent weeks it has been pulling but towards the Higher Low Support zone and technically is now on the optimal long term buy level. A 2 year long RSI figure also suggests a buy near 40.000. We are taking this opportunity to go long with TP = 19.48600.
Comments and likes are greatly appreciated.
Good luck traders and trade safe!
USDMXN: Optimal long term Buy Opportunity.The pair has been trading within a wide long term 1M Triangle since late 2016 that is getting narrower and narrower (RSI = 49.430, CCI = -26.4209, Highs/Lows = 0.0000) as it approaches its completion.
In the recent weeks it has been pulling but towards the Higher Low Support zone and technically is now on the optimal long term buy level. A 2 year long RSI figure also suggests a buy near 40.000. We are taking this opportunity to go long with TP = 19.85000.
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Comments and likes are greatly appreciated.
USD/MXN Long Idea - Possible 130 pipsFor demonstration and education purposes only. This does not constitute a signal. Nice wick rejection at key level. Watching for price to re-test zone as noted, which is last week's low. Study for your confluences, trade at your own risk and use proper risk management.
USDMXN 23/10/2019Hello Traders!
We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SmartMoney must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SmartMoney.
CHARTS AGENDA:
BITCOIN - MONEY POCKET
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS
BLUE LINES - ENTRIES
MARKED LINES - PREVIOUS ENTRY POINT
BLUE BOX - GAP's
COLOR BOXES - FOCUS POINT TO REACT
Don't forget to like if it was helpful to you. We appreciate likes and comments.
Thank you,
GOD BLESS U ALL!
USDMXN TO PREVIOUS LOWSUSDMXN could retrace back into the swing lows as the price has found support at the
weekly trendline support. The RSI has also gone into an oversold condition suggesting
the impulse move is overextended. This gives us the opportunity to look for short-term
long positions into the swing lows at 19.34.
MXN puede seguir bajandoPodemos esperar 18.97/19.00, pero los nivles actuales son muy tentadores para empezar largos
TP1 19.65, pero igual y esperemos ver si para finales el año se acerca a romper el triangulo y de ahi nos vamos con la eleccion en USA, menor inversion en Mexico, inseguridad y resecion mundial.
USDMXN: Swing Long Whats up traders? How is your trading week going?
Im currently looking at the USDMXN pair for long opportunities. Our stop loss is under the last swing low and take profit is very high for because im looking for a longterm trade.
If something does change or i take profit earlier - i will keep you guys updated here.
Wishing everyone success and a great weekend!
USD/MXN Possible Sell StudyFor demonstration and education purposes only. Study of price action. Price has hit a key area of resistance and could change trend. Watching for pullback to last week's high, which is also a key zone in the market. If so, will study price action and confluences for possible drop to key level as noted. This idea is not a signal but a study. If you enter, you do so at your own risk.