MXNUSD trade ideas
Winning Trade 3 of Phase 2FX:USDMXN
Bullish Bias, Price is at the bottom of the range of
the daily timeframe. And is also a monthly
Support/resistance zone.
Sell ideaBlue three waves - may constitute the completed zigzag (a complete correction), and it is a bearish pattern.
Although, a complication is possible, where wave B will be a triangle, followed by a terminal wave up before the trend continues to the downside.
A pattern with the triangle in wave B (a zigzag) can be easily found in a recent price action of EURUSD, will show in the comments section,
trade safe
usdmax potential short breakout outlooklooks like usdmxn could break to the downside, if it breaks out we will execute a trade and make money as it goes down.
MXUSDFailed to make a new high so I looked for some OB's that havent been mitigated yet.. price touched the highest ob and reversed! lets goo
USDMXN | LONG ABOVE BREAKOUTUSDMXN has finally broken above the channel. The bulls need to sustain the price above the broken resistance zone .
The bulls are in complete control.
Trade your levels accordingly.
USDMXN Consolidation until the next break upwards.The USDMXN pair has been one of the better range pairs to trade in the market throughout the past 2 years. At the moment it is consolidating within the 1D MA50 (blue trend-line) and the Higher Lows trend-line. The 1D MA200 (orange trend-line) is the last line of Resistance, on the Lower Highs (2) trend-line, before a jump to Lower Highs (1).
The 19.800 symmetrical Support is holding and this resembles the April 20 - May 30 2021 fractal so far, which made an aggressive price jump when the 1D MA200 broke.
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USDMXN (Short)Potential Bearish Trade
Theories in Places
Dow - Lower low and lower high in place
Candle Sticks - Three Black Soldier formation at the Top
SL & TP levels are Defined
USDMXN(Long)Potential Long Call
Theories Followed
Dow Theory - Higher high and higher low in Formation
Candle Sticks - Three white soldiers formation at bottom
SL & P Levels are defined
USDMXN SHORTBearish pullback to key level of support.
Double pinbar rejection.
Expect further bearish movement with confirmation of bearish momentum candle.
On the 1hr we have a triangle pattern break to the downside in an area of confluence and pullback rejections of key support levels
USDMXN Sorry TradingView (Repost)Hello ladies and gentlemen this is a repost my last one was caught flaggin', I added a 4H zone for better analysis. I have trapped price and going solely off the Monthly in which I've seen price push bullish, push bearish and is now forming a bearish spinning top I would say if you're guessing you are not patience and if you are patient, you wouldn't risk your capital for pride. Price has clearly been consolidating since the end of 2020 breaking out the HTF range once the end of Q1 last year closing back in as a bearish engulfing and once again 4th quarter of last year. Unfortunately, price gapped, showed a bearish piercing line if I'm correct along with 3 bearish crows. Weekly might show it best as price dove back into the range, tested resistance only to close as an evening star skydiving right down to support set way back in late 2020 early 2021. Price attempted to break out but doji'd and formed a morning star. Drop down to the Daily and I see price proceed back up to HTF resistance but not before creating a HL @ 19.85-.90. After hitting ceiling price wicked out, double topped, H&S'd, broke support/structure in this case, retraced all the way back to about 20.750 and free fell back to the Daily support of about 19.80-.85. Price is now pushing back up to maybe retest the 20.20-.30 zone and continue descending or break through HTF resistance and head back toward the top of the range. I don't know! Happy Trading and thank you Tradingview!
Mexican Peso about to get obliterated, On its way to 30I am, personally, very close to Mexico. I don't currently live there but I have and many of my close relatives and friends still do. I've never been one to pay close attention to Fundamentals or to question the tape. Still, for quite some time I was befuddled about the way the Peso was gaining ground over the Dolar. Don't get me wrong I am not opposed to it happening, it's just that knowing the many economic and financial blunders that currently plague this nation, it was simply mind-boggling trying to wonder where the currency could be picking that strength. Now I do have to admit that due to my close relation, again as I mention, I do carry a bias in this look but, my most recent examination of the monthly chart was extremely revealing. In short, after the price fails to break below 18.40 support, this seems really like a huge setup for an explosion in the price likely carrying it to the 30 pesos area.
USDMXN - NEXT BEARISH SWING PENDING!Waiting for a pullback into 20.22530 or into 20.48773 to short USDMXN back down to swing low target 19.81614.
If you agree drop a like and if you have any questions leave a comment below :)
USDMXN BEARISH LOOKFOREXCOM:USDMXN
USD/MXN looks to be heading to the downside. If price hits our alert we will consider entering a position and make some profits.
USDMXN(Long)Long Entry
Dow Theory in place - Higher high and higher low formation
Trend - Bearish trend line broken
Candles - Three white soldier formation at the bottom
SL & TP levels are mentioned
USDMXN LONGSUsdmxn is now in a Bullish uptrend the market has formed a HH and then a HL could now possibly make a new HH
USDMXN ideaSht Going thru the roof according to precious cycles and patterns. I would play long for at least 6 months
USDMXN to 25 or 27. Work in progress.It looks like USDMXN jumps every here and there and slowly cools down before jumping again. We are currently seeing another cool down phase and according to previous activity we are close to another big jump.
TP1: 21.80
TP2: 25.00
TP3: 27.50
SL: 19.00
Note: Zoom and pan complete chart. Note 2: I still need to take a deeper look into RSI and Moving Average correlations.
Tinfoil alert: Yes, very tinfoil. NFA.
sitting on the fence right before mexico's central bank decisionthe mex peso is in a clear uptrend vs USD; and is now sitting at multi year pivot price right before mexico central bank decision later day!
I'm extremely bullish MXN
