USDMXN
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.
USDMXN - Playing inside the rectangle -ShortOANDA:USDMXN Details on the chart.
Keep it simple always.
Pipdified
USDMXN - Long term swing trade - shortOANDA:USDMXN Intereested in long term swing trade.Here it is....
Details on chart.With Head and shoulder confirmation and Unable to retest.
If it breaks the neckline chart will be invalid.Wait till tuesday and enter.
Pipdified.
USDMXN - BuyThis is what we are thinking, originally posted on the 14th of January but removed due to "advertising".
USDMXN - Important zone to watchout Details on the chart as if it breaks 19.67 will leads to 19.47.Now in important resistance zone.You can go for short for mid term.
Trade active
Regards
Tamilkumar
USDMXN 1:4+ Risk Reward LongFundamental Quant scores:
USD: +8
MXN: -6
Recent economic data suggesting USD strength in the future, on the flip side MXN data has been negative.
USDMXN - On its way to 18.90 and lower!The Mexican peso looks strong. It broke to the downside during the US session and bottomed today at 18.95.
I see two supports. The immediate support is the 18.90 area. If we break that support, we could go to the second strong support at 18.75, especially if oil price does not fall.
Also, both the daily MACD and RSI give us a bearish signal.
On the other hand, if we go bullish, I expect the prices to go to 19.15.
However, as I mentioned, I am more in favor of a downside.
USD/MXN Buy1- breakout was made
2- retest was made
3- price respecting our trendline
So i believe there is much more upside movement possible.
I will hold my take profit areas as the green lines, but i believe we will go up more.
BUt i will be watching price once on this areas to monitor my trade.
