Short MXN Peso now or wait for a breakoutI'm already short, first entry at 20.63400 probably going to add more positions after a clear breakout and retest.
Usdmxnshort
Sell opportunity on USDMXNI believe this is a great shorting setup with so many confluences. Our first target will be 20 ema on 4 hours charts and eventually the bottom side of ATR channels.
USDMXN For a safe sell will have to wait for it to break the neckline @18.58024 and take profit @ 18.35582 If it breaks that resistant on an uptrend then this pair will be invalidated but will wait and see how it plays out.
USDMXN 2500 PIPSUSDMXN
To open SHORT positions for USDMXN , it is required:
In this situation our system indicators to confirm trade entry confirmation for movement to the downside AT 19.8000 but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: Once signal is confirmed we will execute more positions on the position on H1 and 30M charts. Minimum 2324 pips will be up for grab with small risk SL at swing high. Target 3500 pips
Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
USD/MXN Top Line ShortAs a trading pair, it looks like it will reach a short positive correlation for the potential of around a between 1 to 2% gains with medium to high risk. Overall, though it is investible on the basis that it will reach its past high point. Also the weekly resistance seems to be getting weaker. It seems investible for long but as a short holding strategy the potential is more because of sooner completion of a wave. Overall, I would look into a potential buy of this before the middle of first quarter 2018.
USD/MXN 1H Chart: Trades near weekly S2 USD/MXN 1H Chart: Trades near weekly S2
The American Dollar has been losing value against the Mexican Peso in a small descending channel over the last two weeks. However, two days ago this pattern started to transform into the falling wedge formation amid the pressure from 55- and 100-hour SMAs. As downside momentum from the yesterday’s FOMC Meeting Minutes publication came to an end, the breakout from the pattern is likely to happen already by the end of this trading session. In this sense, the weekly S2 located at the 18.60 level might be used as a perfect barrier for the upcoming turnaround. As there are no American fundamental data releases scheduled for today, there is little chance that the buck will sank even deeper. Even though market sentiment is 68% bullish, the rate is expected to continue moving to the bottom edge of dominant channel up.
USDMXN Short Trade on Daily ChartA short trade on USD/MXN pair initiated today. The trade is a long term position, which have the characteristics of carry trade (giving interest of about 4.5% y/y for keeping it) and very favorable risk reward of 1.51.
will crash !Extreme short pressure.
Take it short now it will crash ! Strong
make a donation to my btc address if you gain with this hint ;-)
usdmxn shortgot signal, wait for still going down,break supp line,pull back close to ress line and 50 ema. short
Bearish, bearish, corto, cortoEsperemos que dice el libro beige de la FED a las 13:00 hrs. Apuesto que vamos mas corto, posible recuperación del peso ya que esta rompiendo un soporte muy importante en el técnico. Target 17.30
USDMXN waityet again idk what this currency is, wait for either downtrend or support to be broken then trade relative to whichever broke, boiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii
USDMXN buyBuying USDMXN on major based support down
and ichimoku formation.
It is very longterm based trade
Be careful on trading USDMXN guys
Dont forget to trade with proper RM/MM and caution
You can see target area blue colored.
Stops should be below support
Good luck!
UsdMxn is a shortAs suggested in a previous report, which can be visualized here: , Usd is losing momentum against Mexican Peso. There are no reasons to get long anymore, while it is now time to short the pair.
We see a strong divergence having a look at stochastic oscillator and Bollinger Bands are widening out smoothly, with a weekly close breaking the lower BB. I expect to see the pair tumbling down further till 17.30, from where I expect to see a rebound to then falling down with a stronger movement.
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Quick trade if 61 % is breakSet a sell stop. (with the exact TP and SL ) and wait.
This is just my view on the market. Not a Financial advise. Make your own analyse
and feel free to give your opinion.
Below 18.50, UsdMxn is a short19 will be a crucial area to understand if the uptrend might have chances to resume or if it would reverse into a downtrend. I believe we are close to see the beginning of a new trend. However, it is suggested not to trade until it will be clear the new trend. Below 18.50, and ONLY after a re-test of area 19, it is suggested to short the pair.
Further comments to be underlined:
- A reversal pin ball formed in January
- Bearish divergence on Coppock Curve
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