Long trade for USDMXN*I can see a clear W pattern finishing up here. I am expecting it to continue to the upside all week.
P.S. Check out the daily pattern( huge w)
USDMXN trade ideas
Buy then sell Pair will retest up then go back down to the rising trendline where I'm expecting it to bounce
MXNUSD - LONGGoing long on this pair short term before we start to look at short opportunities to the downside.
USDMXN short opportunityPrice broke support and is now retesting. Also there is a strong trend line.
Find your entries.
peso peso!I see a correction forming after the breaking the neck of a doubletop pattern, like and comment if you agree!
USDMXNPrice is still heading to the downside it might reject on that first demand level or even break it to the downside to demand zone whatever happens im not looking to take trades below the green zone there because there is a lot of manipulation there....but for risk takers you can take buys at demand zone two....for me i'll be looking to short this one at that supply zone....only time will tell...
A Quick USD/MXN Long TradeIt is maintaining support very well and should bounce off.
The stop loss is tight, if it breaks support it will most likely fall fast so you would want to cut the trade quickly.
The take profit is at the recent high for a quick profit.
A divergence has appeared on the RSI as further confirmation.
usdmxn ideai think its a buy again, getting close to hit the 50day ma, should it close below it , its a short. macd looking bullish still. good luck
is this what i think it is? (Descending triangle breakout?!)Over the last few days the USDMXN pair has developed lower highs and is showing signs of an early development of a descending triangle pattern. Being that this is coming off an uptrend, we can assume if it has at least 3-4 taps on the support/liquidity zone around 20.10 , it can go from 20.10 on the last tap straight into 20.85-21.00 , given that the extension of the breakout is usually around the length on the mouth of the triangle. Hoping this plays out as I did hit a stop loss on my previous analysis of shorting the peso into 19.50. Previously I failed to mention what could happen if this reverses and breaks the 20.10 level, if it does happen to reverse on our call, this can also break the 20.10 level, plunge into 20.00 , back to test new resistance of 20.10 then down to the next heavy level of resistance at 19.90-19.80 . Stay alert, take my analysis with a grain of salt, and lastly, lets get this smuddy. LOVE Y'ALL!
- Lui
Entry 1 TP1 (LONG)
20.09 20.40
Entry 2 TP2 (SHORT)
20.40-41500 20.10
Entry 3 TP3 (LONG)
20.10 20.80-21.00
PS, I've linked a reference for you all to check out on how the pattern looks, how it can play out if it does develop. Also each one of the trades I take has only a 1% Stop Loss in case the markets do not move my way.
an other GREAT! now setting a new long opportunityopening long position in 20.12 & 20.08
Key hold levels are:
20.14
20.06
Fake break or fake test is why long positions are around these levels.
Expecting 20.40 for next move up
Testing below 20 means review strategy and possible taking loss
USDMXN: BEARISH STEAM OUT??Hello Traders;
Here's my view on what I hope to see on the charts of USD/MXN...
Price gets to my Weekly BERISH support trendline. IF we get a BULLISH break through BULLISH RESISTANCE(indicated by the GREEN ARROW), THEN WE LOOK TO KEEP GOING long UNTIL WE HIT OUR FIRST TP area(21.97723).
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Thanks Guys.
EM Currencies vs. SPXTrying to assess risk aversion by plotting SPX - EM currencies (TRY MXN RUB) & DXY
USDMXNEn México probablemente vayan a tener que seguir bajando tasas para poder recuperarse. Estados Unidos siempre se adelanta, y el dólar es el dólar.
Seguramente saldrá del rango en el que se encuentra actualmente y romperá hacia arriba.
PD . Solo una opinión, opere con cuidado e investigue, no se emocione ni se deprima demasiado, manténgase tranquilo. Edúcate tu mismo. Somos nuestros propios dueños de nuestros oficios. ¡Lo mejor de lo mejor! :)
Un LIKE sería muy apreciado. ¡Gracias por adelantado!
