This is ready for a nice longWatch the chart well and learn as well. We can see most of the immature buyers have been taken off. this pair will surely go up with a nice R:R
MXNUSD trade ideas
USDMXN: Major Support Potential Breakthrough.Major support unbroken since July is at risk. Potential sharp retracement to February 2020 low.
USD/MXN Long 2H TP 200 MAA buy at 19.91. There it is, enjoy. Yup yessir. Good old 2 to 1 risk reward ratio.
usdmxnsmall scenario of taking buys using smart concept still at cooking stage looking forward on what gonna play out
USDMXNPossible play to downside to sweep liquidity and play into fvg. I believe a nice swing long will break this retail trend line after these weeks of consolidation.
USDMXN LongThe peso has returned to a key level between the $19.20 & $19.80 price point. Previously this level has held as a point of support and looks to continue doing so.
We will target previous highs for our take profit level. We will be looking for price to rise to the 20.1775 which once held as a key resistance level. If we are able to break this area we will look for price to climb back to last month's high around $20.3225~$20.4000.
USDMXN - weekly and H4 analysisA large weekly triangle
H4: a several months of a sideways move, ready to break down, IMO
USDMXN 07-09-2021Weekly:
-Inverse H&S.
-Bullish M pattern.
Daily:
-M formation.
-Bullish M pattern.
4H:
-Bullish M pattern.
-IC.
SellOur analysis shows a sell potential. Sell after 2 bounces, H1 should be bearish.
Sell when you see rejection that are long wicks
USDMXN Possible Long OpportunitiesUSDMXN completed a deep reversal completing a bullish bat pattern on the 4 hour timeframe. Not only that, but reacted very nicely to an area of daily demand. Long opportunities could be possibly taken from this area as long as price holds above the demand area and starts shifting structure to the bullish side. Possible profit targets are marked in the chart.
USDMXN In August the Mexican peso weakened from 19.848 to 20.071 against the US dollar. Economists at MUFG Bank expect MXN to depreciate from the 4Q onwards amid tapering cycle in the United States.
Mounting COVID-19 cases and deaths with Delta variant, and sluggish vaccination rollout in Mexico
“Assuming that FED tapering starts later this year and it will carry on at a gradual pace during next year, we see room for moderate MXN appreciation in the near-term as market fears over more aggressive tapering ease.”
“However, the pace of MXN appreciation tends to be limited by the more concerning COVID-19 scenario in Mexico. The pace of vaccination continues to be sluggish, the number of cases is at record levels and deaths have been increasing as well.”
“We now expect the MXN to be at around 20.150 at the end of September.”
“From 4Q onwards, there is room for gradual MXN depreciation driven first by the beginning of Fed tapering, followed by the expectation of the FED funds rate hikes that might start later next year/early in 2023.”
H4 MXNthe weekly analysis has u all caught up we now looking for shorts until a divergence is spotted 🔥
USDMXNThe lower lows were in play and it has recently taken support from FIB level 1, incase it closes on current levels which are actually 4 hourly strong trend line support than a buy attempt can be made with strict SL.
USDMXN double top complete (almost)USDMXN is nearing trend line support and 88% retrace, double top target at 19.9100, should find support near these levels.
Ascending triangleTriple bottom with Ascending Triangle as confirmation
Mexican Peso beginning to fall in price
Ride the wave up
-LarenzoYouDork
usdmxnLooking for buys in usdmxn. It has a high probability chance of breaking the top price level 20.730
USDMXN, BUYWhere are you seeing the most probable support zone? It takes long time to see. Good luck everyone.
