USDMXN short openedTesting new strategy, so fatr so good, previous 2 trades where a success so i am gonna go ahead and try a sell position, so I am shorting forex USDMXN wit TP 1 17.87, educational purposes only, good luck to ya'll Shortby EzekiazUpdated 0
USDMXN Trading Plan - 27/Mar/2023Hello Traders, Hope you all are doing good!! I expect USDMXN to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.Longby For3xScalper2
USDMXN LONGThe long term outlook on the monthly time frames shows a very strong US Dollar against the Mexican Peso (MXN). The Mexican Peso has strongly recovered against the Dollar since May 2020, this analysis is similar to the weakness of the Dollar against the South African Rand. The price levels have eventually returned to the demand zone at 17-18 price handle Naturally we adopt smart money approach in our analysis. The institutional order flow show that there is a change of character on the Daily time frame. After the change in character we expect a minor correction to pick buy orders sitting at the 17.9-17.8 levels before resuming the bullish momentum targeting the 20 price handles with potential to go even higher to mitigate the fresh supply sitting at the 23 price handle. We have a bullish bias with our entries placed at the 17.8-17.9 levels. Longby morrisgitau2
[Watch] Mexican Peso 0️⃣0️⃣1️⃣| ¡Viva México! MXNWho loves Tacos al Pastor? In this video, I want to share with you two technical views I have on this exotic currency; the Mexican peso FX:USDMXN Remember, my critical fundamental view is based on the $5bn Tesla is about to invest in the new Nuevo Leon, Monterrey Gigafactory. Above All and All in All: God Bless America...! J.R. Jaén Risk Disclaimer: 1️⃣Past Performance is not indicative of any future performance. 2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3️⃣I can and will have a position buying Mexican pesos because I like the country and love Tacos al Pastor. 4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others 'how to' find a potential investment if the US Dollar weakens. Long08:06by josericaurte.jaen1
Possible USDMXN zonesPossible zones to buy or sell. Actually Long as inflation in Mexico decreased, so if USD keeps strong after NFP price will try to retest 19 MXN. However MXN is strong so there will be rejections there. If Bank of Mexico continues hawkish, price will be bouncing around 18.11 / 18.17. Those prices are still OK to keep going long as 18 will be a strong support again. And 19 resistance, so good zones to keep buying/selling so you can milk in both sides. So OK for me this weekend (11-03) and maybe next to search generally for Longs, specially if NFP good for USDby ehernandeza90Updated 0
USDMXN 1D Bullish divergency Resistance level LONGThis analysis is based on the idea of significant historical price levels and RSI divergency seen on 1D chart This level of price has been previously reached in April 2018 and now after 5 y there is a high possibility of the reaction, check out the RSI bullish divergency, I think this is a good time for a long position at least till price hits circ. 18.64, with an option to close 50-75% position and see if it goes higher minimising the risk, but it's just my idea not a trading advise, trade carefully place a s/l that won't be heart breaking :)Longby lb-countsUpdated 6
USD/MXN for next yearsJust follow lines that show last order blocks in $17.5 - 18.5 areaLongby FidelmarCLUpdated 3
USDMXNOn the monthly timeframe, we have a CHOCH. The long term trend before the break was bullish. Currently we are awaiting bullish correction targeting the upside. On the Daily time frame we have a CHOCH that confirms our bullish outlook. We have our sell orders at 17.94130 and exit at 19.30045, a 10 RR.Longby morrisgitau1
USDMXN continuation shorts down to demand on dailywe should by now understand the game of probabilities when it comes to our trading edge. so with that being said lets go over this USDMXN. The peso’s strength reflects a relatively optimistic outlook for the Mexican economy, with 2022 growth surpassing expectations. Having grown 4.8% in 2021, the World Bank expects it to grow by 2.1% in both 2022 and 2023. As Far as the US Dollar Over the last 12 months, its price rose by 5.50 percent. Looking ahead, we forecast Dollar Index to be priced at 106.0575 by the end of this quarter and at 110.8027 in one year, according to Trading Economics global macro models projections and analysts expectations. However with recession fears and DXY being close to a weekly supply/order lock we may see a bearish spike on the dollar soon which will give us the EDGE we need to take this setup. Shortby tothetopcurt0
USDMXN - Potential Upward MovementUSDMXN tested previous lows and got rejected. It may have formed the start of a double bottom a will likely bounce back up. Exit at 2nd supply zone.Longby JoeBigBoi6
USDMXN - BEARISH TRENDBearish Trend because it's making LL LH and moving within the trendlines.by ZaiwajTrader0
USDMXN 1H - Bear TrendAnalysis: USDMXN-1H is currently in a bearish trend. If the price hits 18.03850 which is Fib retracement level, we can enter in a short trade. For this trade the stop loss will be at 18.20170 which is the previous lower high level. ------ Trade ------ Chart: USDMXN-1H Type: Short Entry: 18.03850 Stop Loss: 18.20170 TP1: 17.87530 TP2: 17.71210Shortby kspilot441
📉 Short USDMXN 🇺🇸🇲🇽Heres a trade set up idea for USDMXN. We look to have formed a peak formation high, 2 days ago. Im expecting, price to rise on ,Monday to trap traders long and to have traders be stopped out from shorts before the next dump. ❌ 3 orders set 18.500, 18,600, 18,670 ❌ Stop loss: 18,7404 Shortby jamieabela1991Updated 1
Dollar/Peso Bears about Step on the GasI was amazed to see the recovery the peso had built over the year, it has me honestly surprised, especially knowing the wasteland that is the administration of the Mexican Government funds and budgeting. Regardless, if there is a maxim in trading, it is that price is king, and given the structure, we can appreciate, it all seems to indicate bears are about to take the bulls to the slaughter house. Technically speaking we are fast approaching a trendline dating back to the "08" crisis when the peso lost about half its value in a span of months. A trendline that to this point had remained intact. I expect for the price to react when it comes in contact with the trendline, most likely in the form of some support, this must not be mistaken as the bottom of this downtrend. I am going to be expecting, with a high degree of confidence a new low to be made after the intial bounce of support is made in and around the trendline.Shortby HydraFinance1
Usdmxn idea Lol peso at monthly support . Bank of méxico has rates at 11% unbelievable . plus don’t think us will halt their rate hikes soon. Dollar will regain some ground against the peso i the coming weeks Longby Todopoderoso113
Great opportunity for a long position.Hello traders, If you know what you are looking, really soon a beautiful long position in the making. Uncomplicated analysis is the key... Quick tip: Make DIVERGENCE the key element for your analysis and you will see the difference on your profits... Divergence doesn't lie :)Longby ramon1981113
USDMXN Up.USDMXN Up. 1234 with a lower low. Divergence. Weak setup because of no clear Demand Zone - except the one right before it. But offset by that Entry is sitting on a MXN strength news. Longby jforex78441
USDMXN - DailyThe price is around the support, and the H1 chart shows that the trend is making. So, it seems that the price tend to reach the TPs.by simorez8080
MXN/USD Continually BearishWe can easily see that the waterfall will continue to descend from heaven. Mexican president said a few months ago that he will take mxn/usd to $16.Shortby Hungry9Bear9660
USDMXN Up.USDMXN Up. Confluence. Price squeeze at bottom. Double bottom. Looks like it will Dollar will go up against MXN.Longby jforex78441
usdmxn long scenarioUSDMXN long call Trend reversal is spotted and confirmed, as on hourly chart it has already stopped making new lows and made new higher lows. Hence it can be good to ride in phases. EP: Current Price SL: 18.32051 TP1: 18.51147 RRR: 1.25 TP2: 18.64540 Longby PKALI224