USDMXN
USD/MXN (Will the history repeat itself?)Updated View On USD/MXN (29 July 2019)
Will the history repeat itself on the potential upside?
It is very likely so. The previous analysis was a good one and it runs its course to the TP region.
Now it is 'range zone' again and likely to go up further.
It should go to 19.17, 19.30 again.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
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USD/MXN StudyThe tariff annoucement yesterday pushed this pair to a key level in the market. This is high level analysis for study on lower time frame. We want to study on even lower time frame for sniper entry. To learn about how to enter the markets with little draw down, inbox me. Accepting new mentees and team members. Lets eat!
#USDMXNTime limit is specified;
Support and resistance are specified;
The price within the red range is fluctuating, and in case of failure it goes up to the pink range;
The price is within the pattern and the triangle;
USD/MXN Short Opportunity - Completion of Right ShoulderPrice is currently wicking 61.8% fib level as noted
TP zones are areas of liquidity, which also are confluent with TP levels
Trade at your own risk
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USD/MXN Long IdeaThis is not a signal. Use your confluences. Trade at your own risk. Use proper risk management. Recent bullish momentum leads me to believe that we COULD see price reach previous high, out of consolidation zone.
USDMXN: Bullish SetupOn the H4 chart of USDMXN, the price has formed a promising buy fractal above the balance MAs with AO indicator over the zero line. This signal is supported by Elliott wave structure: with high probability, we are moving in an ABC corrective zigzag, more accurately, in wave C. This gives me an idea to go long using levels that are marked on the chart.
USD/MXN SHORT IDEAThis trade is for demonstration and educational purposes and does not constitute a signal. Trade at your own risk.
We see price made an impulsive move to the downside and retraced to the 61.8% fib level. For now I am watching for bearish momentum to kick in. Using bars feed tool, I predicted continuation down as noted, which also confluences with trendline at 3 points. If price makes it here, this would be touch #4. '
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USD/MXN Sell Hi All ,
We looking a H&S that has lasted far too long & history taking time to repeat itself , however on this pair we should start seeing dollar weakness in the coming weeks & this pair would benefit from my Swing hall of fame . So the point of entry marked and SL and targets , TP1 is just at previous support . Move SL to entry when price move on our direction as always .
Many Thanks.
USDMXN long opportunity $USDMXN USDMXN long opportunity
USDMXN long opportunity
USDMXN long opportunity
USDMXN performing well this weekLeave a like if you enjoy and follow for more insight into the market!
Cheers
USDMXN - The Carry Trade for 2019Each trade I am allowing an 8,500-pip drawdown.
I will be looking to scale in and also add in multiple positions when the opportunity arises.
The first two levels I'm looking to get involved is 19.0300 sell limit and 18.9500 sell stop order.
My final target is 17.4580.
This is a carry trade.
The estimated calculation for this pair is 1 lot 1 pip $0.55.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
USDMXN DThe pair has formed two long wicks in a row in a strong area of resistance from where the price has retraced several times in the past. I expect the pair to retrace all the way to the next area of support where the pair has bounced from several times in the past.
