USDMXN LONGHello traders, according to my graphical analysis of USDMXN, i prospect an upward trend .
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MXNUSD trade ideas
✅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 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.
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 | 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.
Ichimoku: USDMXN buy@20.40if you like my strategy, please strictly control the single loss between 1-2%. We have played many games in the market. The investment itself is very low-risk, and irrationality is the biggest risk.
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