Get started

Usdmxnshort

Exotic Drawback Setup: USD/MXN ShortWe're going exotic for this one! I am looking for a drawback setup here and I've drawn my entry at a break of previous price structure support. My overall target will be the flat Kijun sen that is forming, and I've marked up some price structure to targets to aim for as well. Since this is only slightly more than a 2x risk to reward, I'll be taking a smaller risk trade for this one. If we fail to break support, this setup will become invalidated.
Short
by The808Trader
USDMXN SELL SETUPWe got an interesting set up here, the price has just broke a monthly triangle pattern, testing the broken line with some good rejects and making a corrective structure and broking it too, now i would like to see a testing of the recent broke structure with a bearish candlestick pattern to confirm that price is going down. If you want complete analysis and quality signals contact us on Telegram: @FedericoGallo - @Mr.Flawlezz Instagram: @Forex_society
Short
by Forex_Society_FedericoGallo
Sell USDMXN Set UpWith Trump's latest foot in mouth controversy, it makes sense to have a look at USDMXN and see where we can buy the peso. It looks to me that we've seen a blow off top into 20.00 and although I'm unwilling to fade USDMXN strength, I will sell weakness. I've identified 19.15 as the area to sell a clean break with a stop above 19.30 for realistic targets near 18.50 and the potential for a much deeper breakdown if those levels are breached. Sell USDMXN: 19.15 (break) Stop: 19.28 TP1: 18.50 TP2: 17.00
by goodtillclose
USD/MXN Possible ExhaustionOn the daily timeframe price is showing evidence of exhaustion. If price breaches key zone as noted, looking for target to next key zone, with longer term possibility to lower key level. This is for educational and demonstration purposes. Trade at your own risk. Link in bio and below for mentoring program. Learn how to trade using price action and learn key levels. Hourly rates available. Visit www.celestefrederick.com for more information.
Short
by mrsceleste
2
Analysis of USDMXN 10.10.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 19.4900 • Take Profit Level: 19.3600 (1300 pips) If the price rebound from support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 19.6400 • Take Profit Level: 19.7000 (600 pips) USDCHF A possible short position in the breakdown of the level 0.9910 USDJPY A possible short position in the breakdown of the level 107.30 EURUSD A possible long position at the breakout of the level 1.1020 GBPUSD A possible short position in the breakdown of the level 1.2190
by PaxForex
USDMXN Fundamental Analysis – October 9th 2019Here are the key factors to keep in mind today for US Dollar trades: US JOLTS Job Openings: US JOLTS Job Openings for August a predicted at 7.191M. Forex traders can compare this to US JOLTS Job Openings for September which were reported at 7.217M. US Wholesale Inventories and Trade Sales: US Final Wholesale Inventories for August are predicted to increase by 0.4% monthly. Forex traders can compare this to previous US Wholesale Inventories for August which increased by 0.4% monthly. US Wholesale Trade Sales for August are predicted to increase by 0.2% monthly. Forex traders can compare this to US Wholesale Trade Sales for July which increased by 0.3% monthly. FOMC Minutes: The US Federal Reserve will release minutes from its last meeting today and forex traders will look for any potential change in the wording used which could give insight to future monetary policy adjustments. Here is the key factor to keep in mind today for Mexican Peso trades: Mexican CPI: The Mexican CPI for September is predicted to increase by 0.25% monthly and by 2.99% annualized. Forex traders can compare this to the Mexican CPI for August which was reported flat at 0.00% monthly and which increased by 3.16% annualized. The Mexican Core CPI for September is predicted to increase by 0.29% monthly. Forex traders can compare this to the Mexican Core CPI for August which increased by 0.20% monthly. The Mexican Bi-Weekly CPI for the week ending September 30th is predicted to increase by 0.10% monthly and by 2.98% annualized. Forex traders can compare this to the Mexican Bi-Weekly CPI for the week ending September 16th which increased by 0.17% monthly and by 2.99% annualized. The Mexican Bi-Weekly Core CPI for the week ending September 30th is predicted to increase by 0.09% monthly. Forex traders can compare this to the Mexican Bi-Weekly Core CPI for the week ending September 16th which increased by 0.19% monthly. Should price action for the USDMXN remain inside the or breakdown below the 19.5050 to 19.6530 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 19.6050 Take Profit Zone: 19.1900 – 19.3185 Stop Loss Level: 19.7425 Should price action for the USDMXN breakout above 19.6530 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 19.7425 Take Profit Zone: 19.9890 – 20.2545 Stop Loss Level: 19.6530 Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. There are many different forex trading strategies available, but did you know that with all of them you will earn more pips per trade at PaxForex? Sign-up now and find out for yourself!
by PaxForex