USDMXN NEXT TRADE SETUPAll the entries should be taken if all the rules of entries are applied .
Follow it for learning.
do comment us we will guide you
Usdmxnshort
USDMXN on a discending channel 🦐USDMXN on the weekly chart has retraced till the 0.5 fib level before starting a new leg down inside a channel.
On the daily chart the market has recently broke again the daily support and we can expect the price to reach the lower level around 21.500.
If the price will give us a signal according with Plancton's strategy we can set a nice short order.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDMXN Buy SetupDISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
cross death formation?we can notice that SMA 50 wants to be above SMA 200, be aware that free fall of the pair can come
SHORTif the price keeps separating from sma , this means downward trend. this trend may last about 8 hours.
considers this operation a little risky-
to keep an eye on the indicators is likely to make a strong rebound.
USDMXN UPCOMING SHORT - WYCKOFF BREAKDOWNI love exotics, mainly because they pay...lol
See how this study can help your trading in the coming week.
Yellen,
One Move One Kill
Swing Setup on USDMXNIt has already taken out 1st resistance on daily and then fallen down from 2nd breakout trendline. It is not trading at 1st trendline and as far as it is trading above 22.20. It will reverse up towards 22.90.
Entry at market
stop at 22.195
Target towards 25.75 and 27
USDMXN [4H] Wait untill to hit on resistance ✅✅USDMXN Wait untill up to resistance
USDMXN wait to hit on resistance and sell it follow trend ✅
if break No trade ‼‼
Resistance # 22.26 - 22.31 +-
Support # 21.87 +-
Goodluck🙏🙏🙏
USDMXN NEXT TRADE SETUPUSD/MXN rates are testing critical near-term support, which very well could be the determining factor in the predominant trading trend through the end of the year.
While other currencies are benefiting from the US Dollar’s (via the DXY Index) weakness, the reliance the Mexican economy has on the United States has left the Peso struggling relative to other global growth-sensitive currencies.
At the time of publication of this analysis, USDMXN is on 22.2230 and is testing its critical support zone.
We can find good sell entries if it breaks this zone and there is no fake breakout and at point 22.100 we can place our sell entries till next support at 21.49300.
Entries should be placed only if all the rules of entries are applied.
Death Crossing - AGAINYesterday the dollar fell 0.66% normally when this happens the price increases $0.20 if the price does not stabilize it will be difficult to trade in bull mode.
With the publication of a possible vaccine and massive publicity in networks that Mexico will acquire Russian medicine for treatments, the economy and prices recovered a little.
The technical analysis shows us a cross of death. More breakage of support. Which again we can enter the prices $21.90 - $21.70 are areas of purchase.
The salvation of amlo so that the fall of the gdp does not continue to increase. and strengthen the weight.
The salvation of the weight is that donal trump gets elected again.
The worst case scenario would be that Joe Biden wins, his ideology would be a headache for Mexico.
He would also make the Mexican state pay for supporting Trump at election time.
Spanish:
El día de ayer el dolar cayo un 0.66% normalmente cuando esto sucede el precio aumenta $0.20 si el precio no se estabiliza sera difícil operar en modo toro.
Ante la publicación de una posible vacuna y publicidad masiva en redes que mexico va adquirir medicamento ruso para los tratamientos de la actual enfermedad que todo el mundo lidera.
La economía y las cotizaciones se recuperaron un poco.
Trump es la única salvación para restar el aumento del dolar ante el peso mexicano.
El peor escenario seria que Joe Biden gane, seria un dolor de cabeza para mexico su ideología.
De igual manera haría pagar al estado mexicano, por apoyar a trump en tiempos de elecciones.
El análisis técnico nos muestra una cruz de muerte. Más rompimiento de soporte, lo cual nuevamente podemos entrar en los precios $21.90 - $21.70 son zonas de compra.
Los tratados de libre-comercio son la salvación de la economia mexicana de manera exterior, de igual manera beneficia para que la caida del pib no siga en picada. Todo esto en resumen para fortalecer el peso o disminuir los riesgos económicos.
USDMXN SELL OPPORTUNITYHi traders, this is my trade idea on USDMXN according to my latest analysis on this pair.
Find the link below.
Thank you
USDMXN on head and shoulder 🦐The market created and head and shoulder pattern between wthe 0.382 and the 0.5 level of the fib retracement.
If the market will break below the neckline we can set a nice short order according with our strategy.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
SELLGood morning is a quick signal to sell, close the deal on the 16th, time (GMT-6), to get our profit.
Entry Price: $22.70 - $22.60
Closing Price: (Close trading on July 16, 2020)
PD: The entry day was yesterday as you can see there is a big red candle, but I consider that it is not too late to have some benefit. It will raise the sail a bit but it will make its retreat.
Spanish:
Buen día es una señal rapida de venta, cerrar operación el día 16, horario (GMT-6), para obtener nuestro beneficio.
Precio de entrada: $22.70 - $22.60
Precio Cierre: (Cerrar operación el 16 de julio del 2020)
Posdata: El dia de entrada era el dia de ayer como pueden ver hay una gran vela roja, más considero que todavía no es tarde para tener un poco de beneficio. Subirá un poco la vela pero hará su retroceso.
USDMXN | WEEKLY PERSPECTIVE (FOLLOW UP PLAN)It is worthy to state that the Peso continues to ride high on the back of a weaker US dollar. Following my last publication (see link below) on this pair; we have found a complete retracement of AB leg which culminates at 61.8 with a strong tendency to make an extension within 127.2 and 141.4.
Tendency: Downtrend ( Bearish )
Structure: Harmonic (AB = CD)
Observation: i. A complete 61.8 retracement of Impulse AB leads the way to a potential Harmonic move as we eye the AB = CD pattern in the following week(s).
ii. A further Breakdown of my Key level at this juncture might confirm my Bearish view on this pair.
iii. AB = CD pattern as price rallies from a 618 retracement;
a. Impulse A-to-B is expected to be in harmony with the potential B-to-C leg.
b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg.
c. The potential C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move.
Trading plan: SELL confirmation with a minimum potential profit of 7,000 pips.
Risk/Reward: 1:2
Potential Duration: 2 to 7 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
NirvanaForex
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDMXN Short Opportunity!!! Possible H&S Pattern Forming...As of now, we can see 2 clear consolidation area from USDMXN. As for the second consolidation which is also the consolidation phase we are in, we can see price level retested the previously broken consolidation area. Not only that, we can also see a nice head and shoulder pattern potentially forming. This lower consolidation did signal to us that bearish movement is not stopping at the moment and what I will be seeing a BEARISH movement till 21.380 support level which is also near 61.8 fibonacci level. This area between the support level and 61.8 fib level will form a nice BULLISH strength. If we are able to see a breakthrough of this strong support area, there will be a potential strong BEARISH continuation occurring.
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USDMXN SELL OPPORTUNITYHi traders, this is my trading idea on USDMXN for the next days.
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USDMXN Swing ShortPotential H&S forming on daily time frame. The completion of the pattern presents the possibility of the pair creating a lower low on the weekly time frame to reach, at least, the 127.2% fib extension of rally on weekly time frame.
