USDMXN trade ideas
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.
USDMXN Up.USDMXN Up.
Confluence.
Price squeeze at bottom.
Double bottom.
Looks like it will Dollar will go up against MXN.
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
Just about to take off...Divergencies in multiple time frames, so Long position all day.
Thank me later...
Mexican peso forcastCurrently performing well compared to other Fx. So I forecasted the move it can make
USDMXN - BuyThe market broke structure and retested it, so we are expecting a buy move on USDMXN.
#MozolianTraders
Usdmxn Buy ideaPrice swept liquidity, then reversed breaking structure upwards, thus creating a h4 demand zone.
USDMXN Peso Earli signs of reversal LONG
Hello traders,
Great level of the support zone and early sign of change of trend- see 4h divergency, with a return of 2.7 I think it's worth it but don't take it as an investment advise it's just my idea with a s/l I won't risk too much! T/P at 0.382 Fib being also resistance zone
management of the capital is a one of the key to success as a trader
Crossed Weekly and Daily POC continue trending down...Crossed Weekly and Daily POC continue trending down...
USD/MxNice impulse to the upside with some CHOCH. I would like to see price come back to grab left over liquidity to push up
USDMXN Elliott Wave Analysis USDMXN did not change much in the last few days, and it can stay that way till FED rate decision tomorrow. From an Elliott wave perspective, it's a still bearish trend, but can be making a fourth wave pullback, still headed towards higher resistance as subwave c is missing. The ideal zone for the next sell-off is at 19.12, while the invalidation level is at 19.51; as long this one is not breached trend remains bearish.
USDMXNHallo everyone,
For this pair I expect the following movement.
This is because the price has reached a strong demand area and created a strong movement again.
On weekly we have also a clearly trend reversal signal.
So I am now waiting for a buy signal on H4 to execute this trade.
Trade safely. BBA&NGU
Can UsdMxn Go Higher?This is one of the pairs that I enjoy charting. When UsdMxn has the right amount of momentum, you can really see this pair perform well.
We are watching this pair for a potential upside move. Does it have the ability to push up from here?
*This is not considered financial advice. This is for educational purposes only. Thank you for your positive rating and feel free to leave a comment below on your thoughts with the direction of this pair.
USDMXN - Another great set up!USDMXN - Another great set up!
Within the channel. A break below takes towards 18.65 areas & a break above matches 200 ema area 19. areas
Trade Journal
USDMXN Trading Plan - 17/Jan/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.
USDMXN - POTENTIAL SHORT ENTRYUSDMXN OUTLOOK
Price trading inside bearish channel and might retest the previous key order block where it rejected.
If it reaches there again, there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:6.
Shorting the USD/MXN - Surfing the trendWe are shorting the USD/MXN at the market price with DMA CFDs because our trend following systems are giving us short signals.
MXN is strongly bearish at the moment, with very little strength (-32 on the weekly chart and -39 on the monthly chart). The price is below the 210, 70 and 14 SMAs in the weekly chart and there are opportunities to surf the trend.
Opening price: Market price
Volume: 0.1% of our portfolio
Risk: 1% of our portfolio
Trailing stop loss: 6% of our portfolio
Target: Trailing stop loss, or 18,300.
