USDMXN
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.
Distribution phase - sellWilliams AD is under ema 50 and in downtrend. Ichimoku confirms short position. We go short to the next swing low.
Peso ShortMultiple rejections of the yearly pivot suggest more red in store for the Peso, target is the Yearly S1 support level
[USDMXN] FORECASTHello Traders!
From a technical point of view, the pair should have completed the impulsive structure (12345), and if our analysis is correct, the next swing should trigger something like a corrective structure (ABC). That being said, we will be looking for some BUY OPPORTUNITY on the intraday chart.
NOTE: Later we will also publish analysis and setup on the intraday chart .
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Thank you for support and trade with care!
[USDMXN] ANALYSIS & SETUPIf our analysis on the daily chart is correct (see chart below), the pair should complete the corrective structure (ABC) and we will try to take long position around (C) area with stop below the low.
OUR DAILY ANALYSIS
(Click and Play on chart)
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Thank you for support and trade with care!
#USDMXNSupport and resistance are specified;
Time limit is specified;
The price is within the norm ..
USDMXN going up again?Trading often is testing the waters and see what happens.... As I was waiting for the weekly OANDA:USDMXN to reach the upward sloping trendline.... I missed the entry..... Now I had to wait for a retracement on a lower TF like the H4 to form an inverted H&S. Got in at the right shoulder and am just waiting for the neckline to break and price go up. If it doesn't I'll just wait again for a nice entry to go long.
USD MXN SELL (US DOLLAR - MEXICAN PESO)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
USD/MXN Possible Long Trade IdeaThis is not a signal. For now WATCH for confirmation
Price contained within this wedge formation for a while. Trendline confluence; love the long legged doji, which signals possible reversal. Looking at possible buy to at least 50% or 61.8% fib level. Trade at your own risk. Wait for confirmation before entering, is my suggestion.
