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Usdmxnlong

USDMXN Trading Plan - 10/Jan/2023Hello Traders, Hope you all are doing good!! I expect USDMXN to go Up after finishing the 4H correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
12
USDMXN Trading Plan - 3/Jan/2023Hello Traders, Hope you all are doing good!! I expect USDMXN to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Long
by For3xScalper
3
USDMXN Long This looks to be one of those very "safe" plays on the USDMXN this pair has been a consistent money maker on the long side over the past 3years I have been trading. The ADX is in the lower ranges (Indicating that it is not trending), approaching one of 2 very strong supports and the RSI looking good. Look to enter the market at your own discretion but in my opinion, tends to move very quickly to the upside so have a buy level you are comfortable with. I only buy this pair I never sell it because the timing is always tricky on that one. Macro economic: dollar is still strong but I would also look at the VIX as an indication of when to press the go button as these two are more correlated than not.
Long
by bulls_run
2
USDMXNThis exotic currency pair has been in a bullish trend over the past few weeks, due mostly to USD strength. The news of the origin of a potentially dangerous coronavirus variant emerging in South Africa at the end of last week caused many countries to shut their doors on South African and other African travel, and strongly hit the price of Crude Oil on fears of lesser demand, of which Mexico is a major exporter, causing the Mexican peso to nosedive and send this pair sharply higher to a new 1-year high price on strongly above-average volatility. Unless it is quickly discovered that the omicron variant should not be as problematic as feared, it is hard to see how Crude Oil and henceforth the Mexican peso will not make a further sharp fall over the course of this week. The Japanese yen is stronger than the USD so short MXN/JPY will probably be a better trade if your Forex broker offers access to it.
Long
by SmoothJB
3