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Usdmxnlong

USDMXN breaking the triangle 🦐The market after a short move has found a clear support zone around 22.250 area. We have seen the formation of a triangle pattern and recently price just break it. If the market will manage to break and close above the 4h structure we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
ridethepig | USDMXN Market Commentary 2020.07.19Ok let's get started with the next round of important chart packs and fundamental updates 📍 On the fundamental side in USDMXN - as strange as it sounds all eyes are on the other side of the Atlantic. Once again politics in Europe is getting in the way, with discussions on the recovery fund coming to a close this weekend and looking like we are going to see this delayed till September with one more round of sabre rattling from the frugal four. With Covid still in play, any risks to more free money will add to a continuation of worries and anxiety. This can cap the highs in EURUSD for those tracking the flows: We cleared the first macro target on time; although any push higher will be difficult without the official ✅ from the EC. Without that, risk is broadly exposed and the only way to defend against this in USDMXN is by sacrificing the MXN. Buyers have held the 61.8% after a hard battle; see the end of the previous chapter, from last year. 📌 Manoeuvring in these waters is difficult even for the most experienced speculators. This position from the Technical game. The cramped sellers is glaring weakness here. And buyers should be considered as ready also. But buyer's own weakness on the soft horizontal resistance line should also be considered as a pivot also. A certain amount of restraint can be expected, although the space is there now to operate the impulsive wave. There are going to be plenty of chances for us to open up the H4 charts for those wanting to position for the micro flows, as well as those more passive traders waiting to take advantage of the momentum. As usual thanks all for keeping the feedback coming 👍 or 👎
Long
by ridethepig
MEXICAN PESO STRUCTURE LONG| USDMXN is in the downtrend and is currently trading in a small triangle. TRADING PLAN: Long now from the triangle support. Great risk reward and 50% probability. I trade longs ONLY on such pairs due to the expensive interest rate spread, which in the case of being long peso, is working in your favor. 3 targets correspond with the local levels, SL below the support. Thank you for reading, support me with the like and subscribe if you like my work. Have a nice day!
Long
by ProSignalsFx
1
USDMXN - Is the reaction complete ready for another bullish moveUSDMXN bullish trend has remained for years and after February's & March's bullrun, it is only normal to see a healthy correction. As it appeared, the bull run of February & March has seen a retracement (almost) to the .618 fib. Although we are still in a downtrend, I am waiting for price action to break the white dashed trendline before opening a position. I do think this will be soon as we are seeing a bullish divergence on the RSI . What do you guys think? Are we going to see a reversal soon or expect to revisit the long term support tread?
Long
by Auroras_Encore
USDMXN--Bigger Chat market View--Potential Sell MoveHy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view. Never Trade alone we really hope you enjoy All trade.. Disclaimer: the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.this is not signal. it's my opinion. trade you own risk. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
by morshedul-munna
USD/MXN - 4HR - Going Long after end of triangleUSDMXN - The pair is forming a triangle to complete purple wave 4. The triangle pattern is also forming another triangle as its green wave (e). The Wave Principle allows a triangle inside a triangle only in wave e. HOW TO TRADE THIS SETUP - Wait for price to break out of the green wave (e) triangle and look for buy setups to complete purple wave 5. The confirmation level is at high of blue wave (d). The whole triangle setup is invalidated when price retraces to 23.16708 where green wave (e) retraces below green wave (c).
Long
by peterpel
USD MXN AlzaLa fecha indicadora de compra y venta, esta hacia el lado de "Compra" , esto le puede decir algún trader que tiene que pasar a venta y abrir operaciones Short. Hay más publicaciones indicando Short. En mi caso personal seré el Toro que se pelea con los osos comprando en $23.94900 y cerrando operaciones a $24.10 Fundamentos bajistas: En méxico ya se quiere reactivar la economía. Mes de junio y Julio tienen ser un poco más volátiles y ir a la baja. La tasa de interés por parte del banco de México disminuyo para prestar más dinero Fundamentos alcistas: Vale kk el gobierno Punto Neutro Esperar hasta el 15 de junio para saber un poco a donde ira el precio.
Long
by bitcoinalexis
2
El peso mexicano buscando regresar a la parte baja We place two blue lines on the 4-hour chart starting at the highest high and lowest low, tracking the price congestion in the Mexican peso with lower highs and higher lows. The upward attempts at the Mexican peso moved further and further away from the upper line, while the lower ones struggled with the lower line until beating it on the third attempt at the end of the week with a greater appetite for risk and the increasing possibilities of negative rates in dollars to revive the economy. Now we must see in the daily analysis the Bollinger bands with 24.97 as the upper part and 23.35 as the lower range, with the average at 24.15. The 23.30 zone already worked as a support from April 9 to 14, so the probabilities of retesting it are higher now that the peso shows a downward trend, and in case of extension it could look for the previous low of 22.85. A return above the uptrend trend line around 23.90 could defuse the downside and seek 24.15 as a midpoint. With these signals we would seek to enter long if the price maintains 23.35 and shows regression, with stop loss at the previous maximum of 22.85 looking for a first objective of 24.50 where the previous rise was limited, and a secondary objective at 24.95 depending on the factors that cause the momentum, adjusting the stop according to the ATR as it approaches the first objectives. This is due to the fact that at the moment the probabilities of seeking recovery below 22.85 are very low due to the internal factors of Mexico given its low fiscal margin and its own affectation due to the pandemic. Remembering that the prices above 25.00 already discounted the worst, and at the time that expectations are becoming realities, decision-making becomes more informed and the attractiveness of the yields in Mexican currencies with the proper coverage increases the demand for the peso, so the objectives have to be moderate and stop thinking for the moment in the 27.00 goal. ------- Trazamos dos líneas azules en la gráfica de 4 horas con inicio en el máximo mayor y el menor mínimo., tratando de ver una compresión de fuerza en el peso mexicano con máximos cada vez menores y mínimos cada vez mayores. Los intentos al alza del peso mexicano se alejaban cada vez más de la línea superior, mientras que las bajas lucharon con la línea inferior hasta vencerla al tercer intento al cierre de la semana con un mayor apetito al riesgo y las posibilidades cada vez mayores de tasas cero o negativas en dólares para reactivar la economía. Ahora tenemos que ver en el análisis diario las bandas Bollinger nos dan el 24.97 como parte superior y el 23.35 como rango inferior, con la media en 24.15. La zona de los 23.30 ya funcionó como soporte del 9 al 14 de abril, por lo que las probabilidades de volver a probarla son mayores ahora que el peso muestra tendencia de baja, y en caso de extensión pudiera buscar el mínimo previo del 22.85. Un regreso por arriba de la línea de tendencia de alza alrededor del 23.90 pudiera desactivar la baja e ir a buscar el 24.15 como punto medio. Con estas señales buscaríamos entrar largos si el precio mantiene el 23.35 y muestra regresión, con stop loss en el máximo previo de 22.85 buscando un primer objetivo del 24.50 en donde se limitó el alza previa, y un objetivo secundario en el 24.95 dependiendo los factores que provoquen el impulso, ajustando el stop segun los ATR confome vaya acercando a los primeros objetivos. Esto debido a que por el momento las probabilidades de buscar recuperación por debajo del 22.85 son muy pocas debido a los factores internos de México dado su poco margen fiscal y afectacion propia por la pandemia. Recordando que las cotizaciones arriba del 25.00 ya descontaban lo peor, y al momento de que las expectativas van convirtiéndose en realidades, la toma de decisiones se vuelve mas informada y el atractivo de los rendimientos en monedas mexicanas con las debidas coberturas incrementa la demanda del peso, por lo que los objetivos tienen que ser moderados y dejar de pensar por lo pronto en los 27.00
Long
by hzepedajr