USDMXN BUY SetupStill waiting on a decent setup on this beast. It's coming.... See HTF for huge trend line liquidity & possible huge up move
MXNUSD trade ideas
Following the tendency We can se a clear brake of year of bull market.
this is validated with the devaluation of the dollar currency.
USDMXN(Long)Dow - Bullish
(Higher low - Higher high formed)
Candles - Bullish
Bullish Engulfing
Trend - Bullish
Support & Resistance - Bullish
Price Bouncing back from Daily support
Divergence - NA
USDMXN is favouring the upsideUSDMXN reached a strong support level around the round level 19.80000 giving us a divergence with the RSI and shot up almost immediately. Our target was the next resistance zone around the round number 20.10000, but after reaching the round number 20.00000, it gave us a pullback to the round number 19.00000 and now continued in it's previous direction, we should be targeting the round number of 20.10000 if the round number 20.00000 can be broken significantly FX:USDMXN
USDMXN Short Swing Trade Set UpUSDMXN has broken the trendline on the weekly and monthly chart. Currently price is retesting the break. Looking for price action to show rejection to the downside in the sell zone for entries.
💰TRADE OPPORTUNITY💰
PAIR:USDNXN📉 SELL
Entry Zone: Near 20.24000
Stop Loss: CLOSED 4HR candle Above 20.50000
Take Profit Zone: TP 1: 19.80, Swing target 19.00000
(Risk %: 1-3%)
Risk/Reward:1:1.7, Swing 1:5
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USDMXN LONGHello traders, according to my graphical analysis of USDMXN, i prospect an upward trend .
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buy usdmxn setup analysis: strong demand zone - fib 1.27 level on daily tf - bullish divergence - double bottom on 1h chart
USDMXN LongUSDMXN just bounced from the weekly support and making a double bottom on RSI on Daily time frame.
it should hit around the mention TP of 20.4 area.
KEEP SL below the line
Keep watching ..!
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✅USD_MXN GROWTH AHEAD|LONG🚀
✅USD_MXN is about to retest a key structure level
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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USDMXN SHORTHello traders, according to my graphical analysis of USDMXN , there is a high probability of a decline towards support level showing on the chart .
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USDMXN LONG POSITIONthis week we have had more stops than normal, but when looking for ratios with higher profit per trade we can be calm, in this case the Mexican peso reached a liquidity zone where it could rebound strongly, if it breaks the channel it would have even better confirmation, but I go to buy directly
USDMXN BUY SetupPossible big buy incoming. Lots of trend line liquidity as a nice cause for higher prices. We are reacting from an extreme POI & now retracing after breaking significant highs. Time to drop down to the small TF & find some entries.
If it does continue to fall then I will still see it as a liquidity sweep & will again be focusing on the buy setups that would follow.
Trade safe & good luck :)
USDMXN 22nd MARCH 2022Seen on USDMXN D1 chart looks bullish pinbar, there is a possibility that a bullish trend if today's market closes there is a bullish candle after the pinbar candlestick.
Then we see from COT reports, MXN currency : non-commercial started adding short positions, while long positions decreased a lot. the impact is the change in MXN sentiment becomes weaker.
USDMXN; Ready To Break 20.00 Support? One of the most attractive currencies this week can also be MXN after strong CPI figures back on March 08, so there can be a hawkish policy decision on March 24 from Bank of Mexico. We see some important evidence for a resumption lower.
ridethepig | USDMXN immediate mobilisationAnother typical procedure can be seen here, the combined advance by buyers cannot be prevented in the long run. This advanced would (and now we are seeing....) lay bare the base on the strong support at 18.9x. Much worse for Sellers, the attack on the highs involves 22.9/23.0 as a main target. For the strategy, the correct plan now consists of holding and adding as sellers continue to flee.
As well as USDMXN, we have also spoken about BRLMXN several times, we must not forget the following swing of the year. The imprisoned MXN is in a difficult position and lacks protection from BDM. Pips are for pipsqueaks, macro currency swings for a +58% can be played in many different ways.
USDMXN ProbabilitiesProbable ideas on USDMXN; simple economics in play. Patiently waiting to see how things will play out
USDMXN ; 1.5% capital risk/ Small downward bar
/ Better continuous downtrend bar compare to previous uptrend
/ Higher slope
/ Greater change in margin %
US DOLLAR VS MEXICAN PESO while the peso keeps going down this is a perfect opportunity for buyers taking over control
USDMXN | Bullish Trend USDMXN | Bullish Trend
USDMXN has given a breakout from the falling trendline confirming a good bullish trend. The current price is expected to correction to the possible support zone before starting its upward journey again.
alternatively, if bears manages to break the support zone. More bears will join the party.
Trade your levels accordingly.
USD/MXNA short setup on peso, low risk setup which was framed on HTF. tight SL because the reaction should be fast if Analysis is correct.
USD/MXN... Will it go to the completion of the next target?Just breached the resistance completing the double bottom pattern
Next target could be 21.50?
This is not financial advice and it is posted for education purposes only
Happy Trading
