On 4H timeframe i am expecting USDMXN to be bearish As per my setup and strategy Scenario 1:We were expecting a retracement towards Fibo 0.382-0.618 zone before it falls into 1.618 level Scenario 2 :Directly falls toward fibo 1.618 level The setup might fail if any external event effects the price .As long as rules were followed this setup will be...
USDMXN has broken the trendline on the weekly and monthly chart. Currently price is retesting the break. Looking for price action to show rejection to the downside in the sell zone for entries. 💰TRADE OPPORTUNITY💰 PAIR:USDNXN📉 SELL Entry Zone: Near 20.24000 Stop Loss: CLOSED 4HR candle Above 20.50000 Take Profit Zone: TP 1: 19.80, Swing target 19.00000 (Risk %:...
USDMXN is trending in a good momentum, making HHs and HLs, we are expecting bulls to be active from here and push the price from here to recent high. To support my view, Fib number 0.618 has also given support and trendline is backed by it too. Trade your levels accordingly.
The USD/MXN is near the 20.71000 level in early trading this morning as the Forex pair has continued to demonstrate an incremental ability to traverse lower. Speculators who have been pursuing selling positions of the USD/MXN since it hit apex highs of 22.15000 approximately on the 25th of November may think the Forex pair remains attractive from a bearish...
we have a potential sell on usdmxn this would be a short term sell with trailing stop loss we have prce at a premium and want to take this to lower leverls.
According to Price Action and Major Resistance Level TP and SL
A Quick Short Here With This Pair::: FIBS For TP 1$2
Huge sell opportunity. This one alone can make your monthly P&L. Manage risk properly
The price reached a resistance zone at 20.66250, went down and again returned to this zone. A rise in the weekly chart, however the macro trend is downward. I expect a drop at 19.58.482, then 19.04460 and finally a TP at 18.55124.
Last week I attempted to short the usd/mxn and it didn't work out to say the least. This week I am back for more. The trend is still bearish and we are still below the midpoint of the range (rectangle). Selling here or higher with a stop above todays high at 20.4000. Hopefully the spike up marked the top and there will be continuation to the downside over the...
After observing price is finding resistance at $20.00, and Stochastic indicator is at a level of 92 (pverbought), price might move downward to a lower low, probably $19.50 I am personally entering a short position STOP LOSS $20.02 TARGET 1: $19.70 TARGET 2: $19.60 TARGET 3: $19.50 Not financial advice, do your own research...
In this video, we look at the U.S Dollar's current strength against the Mexican peso and South African Rand being caused by rising U.S Government 10 Year Bond Yields. The trends remain firmly in play for more dollar weakness, and potentially additional selling opportunities for both currency pairs.
According to 28th USA opening session, USD is encountered as bearish and in upcoming trading sessions we expect that USD will remain weaker against Mexican Peso. Meanwhile if we see the the graph technically, the price is rejected from a resistance which shows the negative pressure valid. If you like this idea like and do comment if you have any query.
Real-Time Algorithmic Trading Signals. Stay curious
Keep a look out here, Would prefer a higher pullback into Supply Zone
We continue to see the U.S Dollar weaken against the Mexican peso. The interest rate differential makes the Mexican peso an attractive buy and we look at this in more detail. We use one-month ATR to set our stop loss and take profit targets.