SHORT USDMXNI share with you this short idea for USDMXN. Mxn peso start to become strong. Interesting price action
Good Risk to reward
MXNUSD trade ideas
USDMXN Accumulating for an end-of-the-year riseThe USDMXN pair has been trading within a Channel Up since late 2020. The Fibonacci Channel levels help at understanding bettern the Resistance and Support levels involved on each Higher High and Higher Low leg. Right now the price action seems to be about to complete the (3) and final leg of the correction similar to that of August 2021. That was the Accumulation phase that led to an end-of-the-year rally that broke above the Higher Highs trend-line. We believe that a similar pattern will be followed, making the USDMXN a buy opportunity on the long-term.
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USDMXN | POSSIBLE UPSIDEUSDMXN is trading in bearish parallel channel. Price has bounced from the suppport of the channel making higher highs and higher lows.
one can attempt for long position as breakabove will give excellent returns
buy usdmxnThe price range of this pair was located at a minimum of the session at 20.2739 mxn and a maximum at 20.4402 mxn, from the structural point of view in the session of May 10 it formed a consolidation range, where the price is closer to the resistance zone if it is broken it could act as support for the next session, and the dollar against the Mexican peso rose slightly by 0.07% and the price has been forming a head-shoulder figure that favors buyers to break the resistance zone
Bullish pennant Nice looking bull run about to happen
Patience pays! 3HR timeframe Pennant pattern
Expect some turbulance here and there but by next week you should see some positive gains!
-LarenzoYouDork 💔
LONGHello Friends, We applied Triangle Breakout and fibo Entry@ 100 Stop-Loss@ 23.6 Take-Profit@ 161.8. Like, comment if You see a better Picture .HAPPY TRADING
Buy USD/MXNSell position in USD/MXN this is great opportunite. If you agree withe my idea don t forget like and comment pls .
✅USDMXN SHORT IDEA✅On 4H timeframe i am expecting USDMXN to be bearish
✅As per my setup and strategy I am expecting price to fall lower to Tracey 19.80200 before reaching their retracement is possible
✅For more accurate entry, look at 30M or 1H chart for better entry.
✅Plan risk management according to your requirements
Note :This is my personal opinion, do not take it as financial advise
USDMXN EWT - 03.05.22The motive 1-5 is complete. I was late to the party, but a quickie is possible. Given the correction unfolds as a regular abc zigzag, it will terminate at the red box.
Market Overview Ahead Of FOMCHello traders.
New video is here, talking about EURUSD, SP500, VIX, GOLD, CRUDE and USDMXN Ahead Of FOMC.
No positions here. Want to see the market reaction.
USDMXN TRADE IDEAOn 4H timeframe i am expecting USDMXN to be bearish
As per my setup and strategy
Scenario 1:We were expecting a retracement towards Fibo 0.382-0.618 zone before it falls into 1.618 level
Scenario 2 :Directly falls toward fibo 1.618 level
The setup might fail if any external event effects the price .As long as rules were followed this setup will be valid
Note :This is my personal opinion, do not take it as financial advise
long toward 21.4 a nice wolfe wave on Daily time frame indication bullish move for this pair toward 21.4
a double bottom also indicating bullish move as neck line has already broken
a divergence on MACD is also indicating for this up move
any comments please share
tnx
usdmxnentry
- index - ok
- COT - ok
- techniq - ok
- Time line - ok
- Momentum - No
- MacD - No
- RSI - ok
USD/MXN Possible Bullish ContinuationExpecting a slight pullback to 20.33000 which will act as a stop-hunt low. after that, price might continue being bullish. First TP will be on 20.85000 .
USDMXN FORECASTstill see the potential to move to the downside. The first impulse shows the momentum to the downside, creating a correction to create more opportunities to the downside.
LONGHello Friends, We applied fibo Entry@ 100 Stop-Loss@ 23.6 Take-Profit@ 161.8 . Like, comment if You see a better picture. HAPPY TRADING
Buy opportunity Rectangle top
Nice looking buy here
Wait for a valid retest on higher time-frame before buying in
-LarenzoYouDork 💔
USDMXN SELLThe fifth wave is over, start shorting, the beginning of the second sub-wave of the fifth wave of the first target.
Just watch these two lines.Keep it simple, watch the long-term downtrend and 180 days moving average.
Watch the Dollar Index and Mexican Inflation.
This one could turn bearish quite fast.
UnbiasedOpen Idea pending for next week
Check back for a trade opportunity
50EMA just crossed over to the upside so I would prefer a breakout to the upside
I'll wait for a confirmation before entering
-LarenzoYouDork 💔
USD~MXN POSSIBLE MOVESThe dollar showing great increases, price impulsively short to the upside we missed first entry positions but we can wait for price to print out some kind of continuation pattern like a flag or falling wadge this will be a beautiful long opportunity to be in, so lets give the market time to print out exactly what we looking for in order to profit from this pair.
