USDMXN - the ending of the big falling wedgeSee the chart. It should go north, especially if COVID hits hard Mexico again in Autumn.Longby Jeff_WheelwrightUpdated 330
USDMXN. P-Modeling Pt A. The Peso Derivative Safe Haven for USD Welcome Hyperspace Travelers, This is a time-series analysis of the macro 1 week timeframe of USDMXN. It is of my opinion that the Peso is going to see a nasty hyperinflation cycle. TP: 31.1 In previous instances, a rising DXY is a catalyst for a rising Peso; as weight of the co-variance of R becomes redistributed fundamentally. A rising USD, at specific cyclic points, proposes that a major US equities crash, paired with a re-weighting of forex co-variance will cause a hyperinflation cycle in the Peso. In a way, in 2008-2009, it helped strengthen the Peso. In 2020, it also helped strengthen the Peso. I say strengthen because weighted distributions will allow the Peso to have more "weight" against other currency pairings. This is a hallmark feature of strength. Higher weight distribution of co-variance of the overall monetary pool into Peso makes it stronger. Think of Peso as a derivative. For many years, the Peso has slowly accumulated "weight" from the primary pairings against USD. Upon a substantial rise of DXY. The MXN Peso becomes a derivative safe haven for the USD. Thus we hyperinflate it. As previously shown at times of DXY strength 2008 and 2020. Overall this is great for the Peso on the longer term scale. But not so great for the short term of the Peso for Mexican citizens. We can see after the hyperinflation we engage in a few years of re-equalizing the slope at 32 degrees. I may absolutely be wrong. But I really think this makes perfect sense. Thanks for Pondering the Unknown with Me, Glitch420 Longby Glitch420Updated 1110
MXN/USD 2021 Six months evolutionUSD quotation in terms of Mexican Peso 2021. Six months of history. OANDA:USDMXN00:31by robert07771
USDMXN LONG SETUPWe had price respect bottom of the channell Price broke a few short terms highs Swing trade back to the top of the channelLongby MrLegacyShiftUpdated 4
USDMXN Exponential Moving Average and Trend Line Foreign Currency Trend: Up Level: Diagonal Level, EMA 10 Level, EMA 20 LevelLongby TradeLive-0
USDMXN shortTriple top or head and shoulders pattern in development. Attractive risk to return. Good luck and trade safe!Shortby UnknownUnicorn33825805
2021-11-20 USD MXN - longBack test of downward sloping trendline. Consolidation at latest resistance level - worth paying attention to for low risk long entries on lower time frames. Longby mmjotic0
USDMXN Triangle Chart Pattern USDMXN Bullish Confluence Factors Trend: Up Level: EMA 10 Dynamic Level is above EMA 20 Dynamic Level; Four or more touches on horizontal support resistance level Signal: "Wait For Price To Close Above 20.88690 and then watch for a bullish price action signal near price level 20.88690." Longby TradeLive-0
November 16, 2021 USDMXN 1 HOUR 50 MAI have been leaning towards a MA retest strategy that has been panning out pretty well these past few months. Here is a setup from a trade last week. I primarily look for candles closing at the 4 hour closes and also around the 1 hour closes around the NY session open. There are three MA's I use. The 20 MA (blue), 50 MA (red) and the 200 MA (gold). Not only does the candle have to close on the 20 or 50 MA but the moving averages must be positioned correctly. I use the 4 screen layout. The daily chart on the top left, 4 hour on the top right, 1 hour on the bottom left, and 15 min on the bottom right. This is my Moving Average Correlation Strategy In using this strategy, I review all major and minor forex pairs including indices and metals. If I see a pair closing on a moving average, I will flag it and set an alert above the high (buy) or low (short) on the timeframe where the 200 MA resides. Each week there are at least 4-6 setups. A) IF Price closes on the 4 hour 20 MA, I need price to also close on the 50 MA on the 1 hour, and the 200 MA on the 15 min. B) IF Price closes on the 4 hour 50 MA, I need price to also close on the 200 MA on the 1 hour. C) IF Price closes on the 1 hour 20 MA, I need price to close on the 15 min 50 MA, and 5 min 200 MA. D) IF Price closes on the 1 hour 50 MA, I need price to close on the 15 min 200 MA. These are the primary correlations I use to trade. I also check the daily, but I find more setups with the above for IF, THEN criteria. Remember, the moving averages must be ALSO positioned correctly. From here, I wait for a candle stick confirmation. I will either get in an engulfing candle on the 50 MA or the 200 MA. TRADE ABOVE: In the above chart, scenario (D) occurred. Price closed on the 1 hour 50 MA at 4 AM PST (one hour before the NY session). At the same time, price also closed on the 200 MA on the 15 min timeframe. Next, I saw an engulfing candle form creating a morning star on the 200 MA on the 15 min. I did a quick check and saw this more clearly on the 30 min timeframe for additional confirmation. The buy was entered above the high with stop loss below the low. Profit levels at RR of 3 and at a daily resistance. Does anyone else trade this way? Is this your first time seeing this? Please respond so I know I"m not the only one here. Looking for all of your feedback! @MDFX_TRADESLongby MichaelDForex1
IOX-FX - USDMXN - Bullish triangular pattern breakoutUsdmxn We are looking for a long movement, we have an ascending channel, a broken bullish triangular pattern that is now retesting the support zone. We will wait for the break of the basjist trend line formed in lower timeframes. Posssible target: 20.92789Longby IOX-FX3
Long usdmxnIm buying until 50.70 and I need to check the price at that level to see if I can keep buying or if need to take some profits.Longby Juand_psUpdated 0
USDMXN (Cypher Pattern and Harmonic Patterns) - 4h ChartCypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP back to point C Deep Crab Pattern: - A-B leg can retrace anywhere between 0.382 up to 0.618 - B-C leg can retrace 0.382-0.886 of AB leg - C-D is an extension of up to 1.618 of XA leg - Take profits at 0.382 and 0.618 (Fibonacci D-C) - Third TP would be long term back to where it all started Gartley Pattern - A-B must touch 0.618 but cannot touch 0.786 - B-C must touch 0.236 but cannot exceed A - D completion at 1.272 (Trend Extension) or 0.786 from normal measurement - First TP at 0.618 (Fibonacci from D-A) - Second TP at 0.382 (Fibonacci from D-A) - Third TP would be back to where it all started Butterfly Pattern: - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - First TP at 0.618 (Fibo D-A) - Second TP at 0.382 (Fibo D-A) - Third TP back to where it all started at top 4h Chart Good Trading! Shortby DanielParra992
MOSTLY Clear Sky USDMXN up to 22.66. LONG order placed 10.72 R!!LONG order placed for the open tomorrow night. Expect price to retrace a bit so I expect it to fill. Decided on a tight SL on this one to maximize profit. Will RISK 1% on trade because funds tied up in other trades and I dont like to play with leverage but easily this trade could risk up to 1.5%. MACD pointing higher and crossing ZERO with BULLISH Divergence suggesting New UP TREND taking shape. Entry = $20.50030 SL = $20.29813 TP = $22.66 10.72 R ExpectancyLongby eganon69Updated 116
Long USDDaily/Weekly time frames create lower lows and volume is starting to slow down as we reach a new week. I expect bullish week to come around. Respect the trend and fibsLongby Fx_Tradez7
Possible correction?Daily bull with 4HR candle stick pattern 15minute timeframe rising wedge possibly -LarenzoYouDork 💔by ZODOGHOUSE0
Long USD/MXN only if respects the support Long USD MXN if respects the level of support. If it breaks then we can start selling for a moment until we could buy againLongby Juand_ps1
MXN POTENTIAL SHORTeverything has been explained in the video above i hope you like it if you want more kindly comment MORE in the comments and i might draw while live as wellShort00:59by Bekiumuzi_Dube112
Short Opportunity USD MXNAccording to Price Action and Major Resistance Level TP and SL Shortby winerstepUpdated 4
Buy Opportunity on USDMXN Highlighted Buy Entry RangeBuy Opportunity on USDMXN Highlighted by Range Starting from price level : 20.18160 Manage your Stop Loss in accordance to the highlighted buy zone. Longby efazil4
USD/MXNWhat goes up must come down! love this pair, moves super fast! already caught the move down Shortby SMASHHH961