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Usdmxnshort

USDMXN A tequila "Shot"If you missed the buy opportunity of USDMXN at the bottom of the wick that touched the trendline, well dry your tears for you can short at the channel retest with a good return of 1400 pips if it gets to our TP of 1.90000 psychological handle. Watch PA closely, if the bullish momentum is strong enough to incise the channel, this trade will be invalidated as there's not a lot of fundamental backup to it. The USDMXN has a high pip return and would be nice to it to your trading portfolio. Happy trading and profitable week! NOTE:, I am still long on this pair since the entry on Friday but notice that we are heading to fib 50% and a major weekly turncoat-resistance, hence the neutral stance and EUREKA Moment!!!
by SleekPips
1
Equal lows on USDMXN asking to be taken out waiting for comfWe just tested the daily breaker and liq void got filled where USDMXN is now rejecting from. You could short it here but i prefer some more confirmation so i would like the 4h orderblock to be broken wich will then become a breaker and i will short the retest off that breaker into the equal lows. Those lows are just to juicy not to be taken as many people their stops our right under there. This is as nice as setups like this get imo.
Short
by Civel
USDMXN Analysis Potential Short & Long PositionGood Evening Traders, #ForexFargo checking in! Today our analysis is on USDMXN. Please bare with me as I have never looked at this pair and this is my first analysis. The overall trend is Bullish indicating strong momentum. Price has rallied from Monthly Support Level @ 19.0000 to our Market Structure Level @ 19.35000. 350 Pips! Weekly Resistance Level is set @ 19.50000. Weekly Support Level is set @ 19.10000. Please refer to chart for detailed descriptions on Short & Long Positions. Happy Trading as always!
by BearishBull617
USD/MXN Short Idea - Death Cross Ahead and 700+ pips?USD/MXN has been giving us some serious pips since November! We captured over 1,400 on the latest sell-off, followed by 400 plus pips recently on a short-lived buy. If you refer to my linked idea below related to the reversal after the drop, you will see in my updates how the 200 MA provided resistance, to which I immediately closed my buy position. This area also happened to be a key zone in the market as highlighted. Price respected this area of resistance this week, right at the 200 MA touch on the daily time frame. What I see now is a possible death cross. We see a kiss and possible cross of two key moving averages, the 50 MA cross over the 200 MA to the downside. This could mean a death cross for this pair = more selloff, to the tune of another 700 pips! We also see the trend line,which as highlighted, price has respected. If this pair continues to sell off we could see price hit the next lowest key zone (highlighted), which also would serve as an area of confluence at the next key zone in the market. Based on the last bull run attempt it just doesn't appear that the bears are too ready to retreat and give way to the bulls. We see a little indecision accordingly so far, looking at the latest daily candle, and the bearish retreat on the lower time frame. Please view my linked ideas below along with my commentary in each idea along the way. Please also like and offer your comments. It's a good idea to pay close attention to my updates as I observe price action. I'm a student always and love to study the markets. As always trade at your own risk. This idea is for demonstration and educational purposes only. Always use proper risk management.
Short
by mrsceleste
SHORT USDMXNSeguramente hay muchos traders técnicos largos USDMXN, a mi parecer el fundamental indica todo lo contrario y creo que esta volatilidad puede dar entradas interesantes. El acuerdo del NAFTA aunque es una negociación aún sin efectos legales hasta ser aprobada por el congreso, representa un gran avance para las relaciones de México-EUA y elimina el riesgo de un no acuerdo comercial o extinción del NAFTA. Es cierto que las negociaciones con Canadá apenas comienzan pero existe cierta presión política para Trump por las elecciones intermedias y la falta de resultados sólidos (además de los escándalos jurídicos) esto podría presionar a dar un pronto acuerdo entre México, Canadá y EUA (incluso podría ser esta misma semana) sin considerar que la administración de Trump no quiere continuar las negociaciones una vez que tome el poder Andrés Manuel pues existen diferencias en temas de energía. Tomemos en cuenta las tasas de interés, la inflación controlada en México, la solidez de la economía en EUA y en México etc.. TP 18.52
Short
by javelotom