Looking to buy dips USDMXN at 20.2500Looking for range previous highs at 20.2500 level to be supported, and now dips will find buyers now that we are above the 200dma.
MXNUSD trade ideas
USDMXN OpportunitiesUSDMXN, after being stuck in a range finally broke to the upside demonstrating some bullish structure and momentum. An opportunity could be taken in the marked area or near it as long price "rejects, establish clear support" and respects the previous resistance as a support this time.
MXN 1W Forecast 22 Aug so we have seen rejection on our 161.8 and you know what that means now we go down to 4H and trade shorts till a reversal is indicated as it approaches our 100.00
USDMXN IDEAMy long term outlook for this pair. Since it’s broken the trend line, I’m expecting it to be bullish till the area of 21.57000.
💡 USD/MXN To the moon? Hi traders. Given USD strength the past couple days This USD pair looks to be the most interesting if it can play out this could be an explosive move higher. On the other hand if it breaks back below it would also be a nice short trade. Keep in mind the risk off sentiment in the markets as it will play a key role.
USDMXN IDEA Possible W pattern on the 4H timeframe. If the resistance holds, then a possibility of a sell off could be near.
Long USDMXN1st Target 20.9
2nd target 21.5
3rd target 23
After completing a 1,2,3,4,5 structure and and A,B,C pattern. Its time to more upside
USDMXNIts trying to hit and cross 50% of FIB Retracement level along with first HH and HL has already been made. Mentioned levels to be followed strictly.
US Doller & Mexican Peso US Doller & Mexican Peso
Reversal Trend and sideways
if the trend breaks and closes above the trend line then change the Resistance.
Resistance 1 = 20.10164, Resistance 2 = 20.39239
Support = 19.80976
USDMXN BUY- IPO
- Order block
Expecting price to grab liquidity and retouch the order block to go higher with a RR of 5.
USDMXN top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDMXNIt has stopped making Higher highs and have formed multiple lower highs and lower lows along with broke certain past session levels.
USDMXN Channelling Higher, Targeting 20.23Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The FX Cross USDMXN is channeling higher and is currently and the lower end of the support channel around 20.05. Expectations are for support to hold and the FX Cross rally towards the upper end of the trend channel at around 20.23, 0.81% away. If this upward price movement breaks down, a stop loss should be set at around 20.
Technical Indicators
The short (25-MA) and medium (75-MA) fractal moving averages indicates a change in trend in USDMXN, supporting the short term bullish view. Currently USDMXN is trading above these respective moving averages and there has been a bullish crossover on them, with the short term fractal moving average crossing above the medium term fractal moving average.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 20.00 price level and a target of 20.23. This produces a risk-reward ratio of 2.50.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in USDMXN .
usdmxnmacd looks bullish mxn near breakout, some momentum and it goes break outside, structure, i think we will see peso at 21 soon
USDMXN IDEAThe support on the daily is holding pretty well. If it keeps holding then I think it will break out to the upside.
USDMXN Potential Long off 15M AOI returning to 1H SZAssociated price action has been playing around this area for a bit. Looking for price to do a Fake Out (FO) to the south and then the true movement to the north. We may not see any movement until later within today's NY Session.
USDMXNLong Call
Bullish Reversal
Higher high and Higher low formation formed
Hammer
Three white crows
Bullish Engulfing Candle
Above candles @ 4Hr resistance line
Trend line @ 4 Hr Candles
Entry Above previous Higher High @ break point
Stop loss Below Lower low
2 Stage Target Setting
Take Entry - 19.904
Stop Loss - 19.796
1 TP - 50% - 20.010 = Entry - Stop Loss
2 TP - 50% - Trailing Stop Loss
