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Mexican Peso/US Dollar

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MXNUSD trade ideas

USDMXN: SELLBased on our Fibonacci drawn from high to low on this daily time frame, we can clearly see that price has stopped at an entry zone for bears. Another confluence for this entry zone is the horizontal line drawn at the 61.8 level of the Fib, and as you can see price has touched this area a few times now. If you take this idea, make sure to set your stop losses based off of your risk management plan, and expect for take profit levels to be around 19.0706 and 18.7472 .
Short
by cupofconfidence
USDMXN pusible raly after an rising wedgeHello friends, today I am loaded haha, I have been analyzing this pair for a couple of days and it is being fulfilled as the theory says I had an analysis here before the price breaks but the platform hid it from me again, now although it is true I I already have a trade but the bullish raly is just beginning. Well, we have an accumulation that takes months, so I think there is a possibility that the price will touch my take profit. I think everything is explained in the graph, but if not, tell me in the comments. And you know, If my way of seeing the graph has served you, give it a like or follow me if you want to see the short-term monitoring process or possible medium operations.
Long
by FacundoTuanama
USDMXN bottom of rangeInvestors are back from holiday, labor day is over, there is today some jewish holiday I do not know the impact but anyway the stock market will be open today, maybe a bit slower than it should because of that holiday. We'll see what happens, but unless something insane goes on I see no reason for this currency pair to suddenly go crazy. It has been in a boring range for a few months and by now it has repeated the same price action a bunch of times. I don't do this often, I put a couple of indicators on the chart, mostly because of the pretty colors. They do not say anything special, simply there is: - The MACD (and EMAS) crossing. Over and over. The MACD cross is quicker to visualize than the price bottoming before going up, which never looks the same - The "Max Gain" (and ROC to an extent) showing in a quick single look the expected upside, without having to measure 1 by 1 every previous upswing We can look for 1 to 1.5%, which is the 2 day ATR. This is very small, and because of spreads risk will be at least 10% bigger and reward smaller by a few percent. Risk to reward gets crushed. It should be at least of 3 (2.7 left after spreads). And be careful not entering late in the evening as spreads widen massively. I don't like this very much because of the small nature of it, so it should be easy to let it come to us. Really wouldn't care missing out. It could go straight up 2, 3% or more which would make it more interesting. Not only do spreads decimate the payout assuming this is actually good, but you won't make any kind of decent money, the only way would be to use serious gear and that's really a bad idea. I see no reason for the odds not to be 50/50, or at least 1/3, and since it is possible to get a reward greater than twice the risk, plus it's september and I think it can go well past expectations. Really doesn't get me excited, it's just so small and expensive and mediocre. You guys like this kind of stuff?
Long
by MrRenev
1