USDMXN LONGUSDMXN long retracement;
Sellers are getting exhausted as seen by the CCI indicator, the price is at a strong support level and the down fractal indicates a bullish trend.
Usdmxnlongs
USDMXN BUY IDEAHi Traders,
Have a look at this idea and see how it can fit into your plan.
Good luck!
Fibz
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USD/MXN has a bullish divergence on daily chart!!!I see a bullish divergence at macd signal line on daily chart!!!
Profit Targets:
18,86
18,97
19,13
Stop loss:
18,63
Have a nice day,
Berk.
USDMXN is bullish!!!I see some bull divergences.
Profit Targets:
19.22
19.34
19.44
19.54
19.68
Stoploss: 19.02
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!
USDMXN LONGSo the short position a few weeks ago went beautifully, you can check on my profile. We arenow looking for reversal
USD/MXN is bullish on 4h chart!!!Due to stochastic and wave trend analysis, i see this pair bullish right now.
Profit Targets:
20,08
20,16
20,25
Stoploss:
19,8
Have a nice day ,
Berk
(Buy) USDMXN Technical Analysis for April 30, 2018Hello Traders,
First and foremost, I’m net bullish the USD and as such, I will be buying whenever there is an undervaluation at any USD pair in our entry chart. So, the Peso being one of them means I shall be continuously looking for loading points in the 4HR chart.
Taking a top down approach, we are seeing hints of higher highs in the USDMXN weekly chart where USD bulls are loading up at key support line drawn from last year lows and recent lows. That’s not all, there appears to be a bullish divergence pattern between price action and stochastics which has already printed a buy signal from around the oversold territory.
Furthermore, it appears that USD bulls are trading within a break out pattern and since that bullish engulfing pattern printed by mid April, buyers have been persistent and actively pushing the USD higher.
So, with a stochastic buy signal in the weekly, we have the same pattern towing in the 4HR chart. Here, we have a nice stochastic buy signal and a couple of nice higher highs relative to the lower BB. Solely based on this, I shall recommend USD buys with stops below this week’s lows at around 18.60.
Because of this technical set up, this is my USDMXN trade plan:
Buy: 18.77
Stop Loss: 18.60
Take Profit: 19.10, 19.85-this year’s highs.
Let me know what you think. Have a wonderful trading day.
USD Buys NFP might be overwhelmingly positiveI think with every low USD prints today, you should look to buy. After all, MXN is a little bit over-valued with two whole candlesticks below the lower BB.
