Rectangle BottomSell opportunity Rectangle Bottom Pattern Look to short the breakout to the next levelShortby ZODOGHOUSE0
The kick of shorts till the buysOn that last push I see two points of interest to kick my shorts and I'll force one breaking under 16.98Shortby AT-3U115i1
14.50 as a max discount I see two possible liquidity points to go through, overlapping a fib using an OTE I would like to see 14.50 before we can make a good push-up again.Longby AT-3U115i1
USDMXNThis Monthly FORECAST Opportunity for USDMXN. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Shortby TREND-TITAN2
USDMXN | Market outlookThe latest data from the U.S. Commodity Futures Trading Commission and LSEG indicates a decrease in speculators' net short positions on the U.S. dollar, coinciding with the greenback's rebound amid reduced expectations of Federal Reserve easing in March. The value of net short dollar positions fell to $9.799 billion, down from $12.7 billion the previous week, marking the largest decline since August. Speculative sentiment toward the dollar shifted notably, with a significant decrease in net euro longs. Institutional investors also decreased their significant shorts on the dollar, while leveraged accounts or hedge funds reduced net dollar longs. The dollar is set for a second consecutive weekly gain of 0.8%, supported by solid U.S. economic data and statements from Fed officials indicating a tempered outlook for rate cuts in the near term. Market expectations of a rate cut at the March meeting have decreased to less than 50%, compared to 80% the previous week. For 2024, futures traders anticipate five rate cuts of 25 basis points each, down from expectations of six cuts last week. Overall, the data reflects a more stable sentiment toward the U.S. dollar, with investors adjusting their positions in response to evolving economic and monetary policy expectations.Longby DCFX-TA112
keep pushing down for a long time, I have wanted to see a cheaper peso. do not trust this much since my conviction is more than my bais.Shortby AT-3U115i0
USDMXN Consolidation before strong decline.The USDMXN pair gave us the most optimal sell signal on our last analysis (October 09 2023) and after hitting our 17.0500 target, is consolidating: This consolidation is on 1D RSI terms, similar to September 28 - October 28 2022, when the RSI Triangle broke downwards and with that, the price was detached from the 1D MA50 (blue trend-line) and aggressively declined to marginally over the -0.236 Fibonacci extension. As a result, we are taking now another sell with our Target at 16.200 (Fibonacci -0.236). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot6
USDMXNThis Week FORECAST Opportunity for USDMXN. This setup trading idea is for intraday. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Longby TREND-TITAN3
USDMXN Buy BSL taken, unmitigated bullish order block, and inducements which has formed top side liquidity.Longby bond919Updated 113
USDMXN = Dolla will appreciate vs Peso, Specially because:Dollar vs Peso just hit a upward trend.. very likely that it continues up in the short term. Likely scenario for a sideways direction and then maybe a reversal to flat 17. Longby Billion221Master1
Long in USDMXNI have initiated a long position in the USDMXN forex market as the price has reached a significant demand zone. This trade decision is backed by a comprehensive analysis of market conditions, where I have identified key technical indicators and chart patterns that suggest a high probability of an upward movement. The USDMXN pair has shown a clear bounce off the demand zone, indicating a strong potential for a bullish trend reversal. Additionally, the convergence of multiple factors, such as a bullish divergence in the oscillators, a break of a key resistance level, and a bullish candlestick formation, further reinforces the trade setup. With a well-defined risk management strategy in place, I will closely monitor the trade, adjusting stop-loss and take-profit levels as necessary. By sticking to a disciplined approach and staying informed about market news and economic events, I am confident in my ability to successfully navigate this long position in the USDMXN forex market and capitalize on potential upward price movement.Longby JuanHernandez0
Shot in USDMXNI have entered a short position in the USDMXN forex market as the price has touched a significant supply zone. This trade decision is based on a meticulous analysis of market conditions, where I have identified key indicators and patterns that indicate a potential downward movement. By strategically executing this trade, I aim to capitalize on this favorable opportunity, leveraging my expertise in trading to navigate the market with precision and achieve optimal results. The USDMXN pair has shown a clear rejection at the supply zone, indicating a potential reversal in the price action. Furthermore, the confluence of technical factors, such as Fibonacci retracement levels, trendline resistance, and bearish candlestick patterns, adds further weight to the trade setup. With a comprehensive risk management plan in place, I will closely monitor the trade, adjusting stop-loss and take-profit levels as necessary to maximize potential gains while minimizing potential losses. By adhering to a disciplined trading strategy and staying abreast of market developments, I am confident in my ability to successfully navigate this short position in the USDMXN forex market.Shortby JuanHernandez0
USDMXN shortDue to technical and fundamental reasons. I really like this pair to head southSIDEShortby lluminatusUpdated 3
USD/MXNOn daily, it has made a big Doji which indicates for Shooting Star formation. It also has rejected 17.4000 Resistance. On Hourly, It formed Double Top and moving down and it's currently at this moment is correcting to continue Bearish move.Shortby Ha-Lion0
USDMXNThis Week FORECAST Opportunity for USDMXN. This setup trading idea is for intraday. >> TAYOR * This zone still valid. Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Longby TREND-TITAN1
USD/MXNOn Daily, All three EMA 20, 50, 200 (RGB) are Bearish. the trend is bearish too. On lower Time Frame, the correction is at the all time high , ready to bounce back down.Shortby Ha-Lion0
USDMXN #peso #dxy #usd #mxn Due to technical and fundamental reasons I see dollar getting stronger against the peso. Adddtionally all that the central banks are doing fully supports my trade idea as the best possible optionLongby lluminatus3
Short in USDMXNI have initiated a short position on the USDMXN currency pair based on the price touching a supply zone. After conducting a thorough analysis of the market, I have identified a significant supply zone where sellers have shown strong interest in the USDMXN pair. This zone suggests a potential reversal in price direction and presents a favorable opportunity for a short trade. Trading based on supply and demand zones requires a deep understanding of market dynamics and price action analysis. I have carefully examined the price movement and identified this supply zone as a strategic entry point for a short position. To manage risk effectively, I have implemented appropriate risk management strategies, including setting stop-loss levels to protect my capital in case of any unexpected market movements. By taking advantage of this supply zone, I anticipate potential gains as the USDMXN pair potentially moves towards lower price levels. I will closely monitor the market and make necessary adjustments to optimize profitability and minimize risk throughout the duration of this short trade.Shortby JuanHernandez1
USDMXN Bullish for the first quarter of 24 Hello traders, this is my first fx technical analisys that i would like to shareLongby ErickD3B0
USDMXN Short Due to technical anf fundamental reasons I am shorting this to HELL!!!!!Shortby lluminatusUpdated 2