USDMXN
USDMXN A Little Bit MoreHello Traders
Here is Quick Analysis on USDMXN
Base on the counting, the price is still downtrend to complete wave 5
USDMXN, a bullish AB=CD pattern could be materializing A possible bullish AB =CD pattern may be forming in the Mexican peso - US dollar pair.
My hypothesis is that it will return to at least 20 pesos per dollar and then rebound. The most that could fall would be around 19.6 pesos per dollar.
The potential reversal zone (D) coincides precisely with the 127.2% of the fibo and with a level that served as support in mid-February, so a reaction should be expected when it touches it.
You can either go short from here until it hits 20 or wait until it reaches that level to go long.
USDMXN My ViewThis is what I see what I see from the daily perspective, a small flag formation signaling a potential impulsive move to the downside. I anticipate a long term downwards movement and preferably enter at current market price.
Let me know what you think.
USDMXN ANALYSISUSDMXN broke downtrendline
Price is based above key level at 20.5560
Price is based on HVN at level 20.6670 which indicates that pair is in accumulation phase
MACD shows weakness in bearish momentum
It's expected to target resistance level at 20.9320
USDMXN MARKET ANALYSISUSDMXN idea. Price has been maintaining a steady uptrend breaking previous zones.
LONG POSITIONUSDMXN ; TECHNICAL
FORECAST:BULLISH
We can see a simple head and shoulder pattern forming on USDMXN pair which we can see price bounce off that support level of (20.5297) zone
with a target around (21.6299) psychological Resistance zone
If you find this helpful and want more FREE Updates on TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
1_GFX English Support Team ❤️
USDMXN Bullish SetupUSD getting a more bullish. Here is a possible setup for USDMXN I'm currently looking at.
USDMXN bUy TrAde (My View)Perfect Trade Opportunity With This Pair::: Fibs For TP 2 & 3... Yellow Line TP 1 ---- SL On Chart:: Start Your Week Right
USDMXN A very high probality trading opportunity.This pair is now approaching daily and weekly support and resistance level. A short trade from this level would a very high probability trade.
USDMXN sellers in chargerejection appeared and now sellers have taken control. I am short until the support area
USDMXN Target Price 21.49836 (Entry Price 20.86410)Wait for a pull back to horizontal support resistance level and dynamic support resistance level for an entry.
broke above prvious structure, and closed above Broke above previous structure and closed above, waiting for retest for another entry
