USDMXN trade ideas
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.
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!
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 Expectancy
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 fibs
Possible correction?Daily bull with 4HR candle stick pattern
15minute timeframe rising wedge possibly
-LarenzoYouDork 💔
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 again
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 well
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.
Mexican PesoPlacing a long term buy position when market opens.
Clear cut set up. If 78.6% doesn’t hold, I’d expect a 100% retracement and then the rise
USDMXN!Structure indicates more selling to come.
We were bearish on this pair for several months but there lacked entries.
We see a very low entry.
Trade with care use a stop loss.
Rising Wedge PatternPrice making a rounded bottom on higher timeframe, I'm avoiding the short term sell
and waiting for the major upside push for the peso but price should continue down this week
#ThePatientGame
-LarenzoYouDork
Time to hitch a ride back up!USD/MXN gave me signals that It would drop now we are here for the ride back up!
USDMXN Up 6th Straight Session and Threatens Post-Pandemic WedgeUSDMXN is up nearly 1.5% today - the biggest single-day charge in four and a half months - and working on a sixth straight session's gain. There have been other 6-day rallies over the months, but we haven't seen any more 'productive' advances since the height of the pandemic back in March 2020.
With a large descending wedge's resistance coming into view after this rally, naturally have to consider whether the tempo of the bull run is a contrarian indication. I think the the presence of the FOMC rate decision on Wednesday makes the prospect a 50/50, break or reversal scenario. It falls to how the market's respond to the central bank's message.
View on USD/MXN (27/10)Potential low spotted.
We could likely to see price heads up higher.
Good entry for high RR trade.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activity
USD/MXN-FEDSummarize
After 5 wave bearish, the falling trendline is broken.
Considering that the Fed will tapering.
If we add that there is an inflationary environment.
Upward movement is inevitable.
USDMXNIts has started making higher highs with some bullish divergence on multiple indicators as well.
However, both plans are shared for better trading with discipline.
USDMXN SELL INTRADAY TRADE IDEAHello everyone, if you like the idea, do not forget to support with a like and follow.
We have an 1H ICI Momentum pattern, where we will enter on the 15MIN TF, we can see that the area of entry is a structure where it has been tested multiple times in the past, and currently testing it again, once we get a close below the structure we will see a continuation of the bearish for this 1H trade.
Trade Signal
SELL
Entry: 20.19474
Take Profit: 20.12726
Stop Loss: 20.21950
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
USDMXNWell hear me out here fam, Im really hopeful that USDMXN plays along here because what Ive noticed is how this pair is always present on the Elliot Wave check. So I approach it the Elliot Wave + Fibonacci wave and Im looking to hold as many entries as possible.
