MXNUSD trade ideas
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
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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
Long Opprtunity on USDMXNLong Opprtunity on USDMXN
This is a simple vision that can make us happy if we catch this buy opportunity.
- Ascending channel;
- CCI above ZERO;
- Ascending CCI Trend.
Go for another long trip of this pair and let's play it during march.
USDMXNIf my chart analysis is proven to be correct all USD/XXX pairs are sell and vice versa to anyone holding the other side good luck to ya.
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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USDMXN 02/03/2022Weekly:
Big bullish M
Double bottom
Daily:
The big wick didn't got filled yet
Bullish M
4H:
Bullish M + inv h&s
Clear ascending trendline to protect the price
USDMXNUSDMXN is taking support from the long term trendline (red trendline). There is bullish divergence on the daily and the hourly chart as well. Breaking above the black trendline will target the top of purple trendline.
USDMXN | Bullish SignsUSDMXN is almost bottom out. We are expecting bulls will breakout from the falling resistance (white line).
To negate this view, bears will break the support zone and void the bullish diverigence.
Trade your levels accordingly.
