USDMXN
BUY USDMXNUSDMXN IS EXTREMELY OVERSOLD, IF IT GOES DOWN IT WON'T DROP TOO LOW, THIS PAIR IS GOING UP..
L@@K out for USD/MXN Reversal! - See My Related Idea AttachedI've been in this trade since mid-November (see trade idea below that's linked). I've snagged close to 1,000 pips on the sell. It appears that price is attempting to reverse. Price is flirting at a key level in the market 50% fib level and breaching a descending wedge. Looking for price to pull back at least 50% before continuing back down. Trade at your own risk.
USD/MXN Short Idea - Possible 1400 PipsUSD/MXN. The rate increase by The Bank of Mexico last week was great for this pair, and the peso regained strength. If the DXY continues to fall we can hope to see this move. You won’t want to miss this one. 1400 plus pips possible over the entire swing trade. Trade at your own risk and be sure to use proper risk management.
Going Short around Wave 2Let's see how these Waves are playing out.
Please like if you think this idea is worth it :)
USD/MXN is bullish on 4h chart!!!Due to stochastic and wave trend analysis, i see this pair bullish right now.
Profit Targets:
20,08
20,16
20,25
Stoploss:
19,8
Have a nice day ,
Berk
USD weakening against MXNIf todays USD news gives us negative data than it will go down further.
So, Please wait for the news confirmation and than active your trade.
Share your comment, feedback, thoughts in my comment box....It will help me to update my analysis.
Note: Don't trade if news gives negative data.
USDMXN shortPrice broke key level and retested as resistance. Going short.
TP1: -27 fib level
TP2: -61.80 level
USD/MXN possible shorting opportunities plain and simple chart art, looks like price has reached the top of a strong weekly trend line and showing signs that bears are slowly taking over. Possibly going to reach low prices of 19.30 - 19.16 area
Tracking current levels like a hawk... => What is in play here?
=> To put it simply we are tracking two scenarios... the market is currently trading against strong resistance and we need to get above this area to avoid it becoming a very large triangle.
=> If we look at the recovery since August, we can see that this move has been impulsive and increases the odds for the break to the topside.
=> The only levels in play to track here are 20.92-21.03 which are the June highs. We see potential for this to extend as high as 21.4x and therefore any pullback towards 20.0x should be viewed as corrective.
=> For bears, they need to break 19.833 to question that we have already put in the highs of the year and decade.
=> In our books, there is opportunity in adding exposure on the upside towards 21.0x and eventually 21.4x.
=> Stops can be held tightly below 19.80x as a break below here will reshuffle the cards.
=> Best of luck to those already in live or looking to build positions here.
USDMXN : Short setupUSDMXN, has multiple resistance levels that has only been tested two times. If the upper resistance line continues to hold, I would expect the bulls to sell off and the bears to step up.
-StampsFX
USDMXN Sell Opportunity USDMXN is currently forming a possible flag formation for a sell.
Wait for a breakout and then sell.
PURELY TECHNICAL LONG SWING USD/MXNHey everybody so I am a scalper mostly but since finding how easy it is to share analysis with Tradingview I figured Id just post my ideas since I am analyzing them anyways .. So, here is a decent risk to reward swing setup for USD/MXN .. Friday we had a pretty decent selloff .. The daily candle closed with a huge rejection wick off that daily trendline .. I will be seeking long opportunities to reach the weekly trendline resistance.. Enjoy and take at your own risk ... :)
USDMXN ShortJust playing out the possible consolidation on the US dollar soon (with Fed rate hike already priced in and divergence seen on RSI in the weekly DXY chart, not to mentioned the possible dovishness of the Fed by 2019). Also just riding the recent ranging movement of this pair.
Setting sell stop order with TP @20-20.1 (-38.2 to -61.8 fib levels) and SL @20.58 (between 61.8-100 fib levels).
www.ft.com
DXY:
Daily:
Weekly:
Confidence: C (high probability of getting whipsawed; also need to close this position before PMI news tomorrow and NFP news on Friday)
USDMXN: Topped as per the weekly timeframe...I think the Peso will regain strength over time from this juncture. The weekly Time@Mode trend signal we had here expires next week but price already seems to be trending down in the daily timeframe, and broke a previous weekly low, so I think we're safe to assume the decline started already. The G20 talks and oil related news might be behind the strength in commodities, EM currencies and weakness in the dollar.
Either way, I'd like to have some exposure to oil and gold, at the very least, but also look into agricultural futures and related stocks, since the trade truce signaled strength might be seen in these markets. Another interesting market to monitor is tech, in particular $QCOM in the event of a merger...I'll be watching $SPY, since I fear it is a bit stretched, and might go back down, if it's still range bound and not trending.
Cheers,
Ivan Labrie.
USDMXN - One more push higher before sell off !We might be in wave 4 of an impulse, playing out as a triangle, meaning we will have only one more push up to around 21 before selling hard.
This move to the upside is wave C of a zig zag wave (B) of an impulsive wave ((4)).
How to trade this ?
Wait for wave 5 to develop and terminate, then wait for a pullback in an impulsive manner for a lower degree wave 1 after which you can sell the pullback of that move, i.e wave 2 of that impulse lower.
