Usdmxnlong
USDMXN would trend continue or new low price would be printedThey say the trend is your friend, until it betrays you
USDMXN | BUY | TRADING PLANI will buy from the lower border of the channel and move the stop to breakeven
USDMXN Long Term Target (1-3 years): $28-33 pesos per dollar1M chart bullish pennant has broken to the upside, with a target of around $28 to 33 mxn per 1 dollar.
I'm pretty confident in this trade given it took 3 years for this pennant to form so its pretty clear cut TA wise. Also given the economic forecasts and the current administration, it's almost guaranteed.
Let's see how this ages.
USDMXN - Descending TriangleAfter the market rallied during the last week in favor of the US dollar , we sold off later on Monday making the chart bearish in the short run.
I expect the FED, Bank of Japan, and the European Central Bank to announce monetary policies to stimulate their economies.
In the long run, the descending triangle shows bearish for USD/MXN.
USDMXN PRICE ACTIONCrazy moves but still bagging steady, join the train if you can bulls still in play.
USD/MXN has a bullish divergence on daily chart!!!I see a bullish divergence at macd signal line on daily chart!!!
Profit Targets:
18,86
18,97
19,13
Stop loss:
18,63
Have a nice day,
Berk.
USD/MXN change of trendsUSD turns the tables and starts to beat developing country currencies. My target is for the main trend, if you wish, you can take your first profit at the level in 19.07.
Follow to hear more.
Entry: 18.895
Stop: 18.75
Target: 19.25
Have a nice week!
USD/MXN Possible Reversal Formation FOR NEXT WEEKThis idea is for demonstration and educational purposes and does not constitute a signal USD/MXN Possible reversal. This idea is not for today, given today is Friday and market activity is settling down. However, it's a possibility for next week. IF price respects the key support as noted, and as price reverses, there is a possible minimum 130 pip catch to the upside. We could catch more than 130 pips, but price can very well sell back down during the reversal. If price breaches key support, look for more movement to the downside. Always use proper risk management and trade at your own risk.
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USDMXNOANDA:USDMXN A POSSIBLE box pattern breakout on daily candle, facing a solid resistance below for a possible buy if ii holds
MEXICO -> SWING TRADE IDEA :) USDMXN 11/12/2019Hello Traders!
This time setup idea with MXN :)
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
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USDMXN BUY SETUPUSDMXN pair reached oversold region on RSI (H1 frame)
The level 19.3272 is 127% fibo expansion from peak level 19.6586 and bottom level 19.4250 till the correction wave
Key level is around 19.3200
Target price is around level 19.5590 (HVN level)
USDMXN BUY OPPORTUNITYDescending channel broken and retested, entry when conditions specified on the chart are met
USDMXN LONG OUTLOOK Hey Guys, USDMXN looks good to buy around 19.15. If you haven't entered - wait for a pullback around 19.30 then enter after the breakout. Target is 19.50
USDMXN Long Trade IdeaUSDMXN is looking to be a good buy opportunity. As we can see it is currently respecting my curve line and is showing sign of an uptrend. My buy positions are now open with a tight stop loss (as shown by the dark red trend-line). This is a swing trade.
Always remember to use proper risk management.
Enjoy!
USD/MXN Refer to Previous Idea LinkedThis idea is for demonstration and educational purposes and does not constitute a signal, but it is a study, as we study market structure and price action.
From this view over the past month, since mid-October 2019 and as we study USD/MXN we see evidence of reversal of trend forming in the market. If you refer to the post I shared a week or two ago (see USD/MXN idea linked below), you will see the progress of how we have come in terms of price action. Keep in mind that the market does not move in a straight line. An idea for today may not play out until days or weeks later. The market still will do what it does in terms of forming market structure, afterwhich we can look for longer term trades. The trade ideas often take time to play out. It's best that we watch and study and enter at optimal positions where we can take advantage of high volatility.
Now for today, What we saw today in terms of price action was a sharp impulse, towards the target I noted in the previous set up (see linked idea below). We know that the bulls are definitely present. Afterwards today we saw a sharp rejection, which could very well be a re-test to the previous price area, which is very common that after the impulse, we see a correction, and then a continuation, which confirms the new trend. After the re-test now we watch for continuation. Just like the USDZAR idea I shared yesterday (refer to USD/ZAR idea below) this could be very similar price action..Could be but not necessarily. It all depends on what actually happens. We could be getting what may be the same price action and then followed by a bullish run. As we look from zone to zone, I would hope to see price reach the first and second key zones as noted, which would make for a nice swing trade idea of almost 400 pips. Of course this idea does not mean pull the trigger. Study your confluences and wait for confirmation that bullish price action will continue before considering a buy. Remember, this does not have to play out, but it is simply an idea.. If you enter this trade at any time, you do so at your own risk. Always use proper risk management.
I will also note that USD/ZAR and USD/MXN are not related in any way or correlated. It just so happens that for demonstration purposes I am comparing these two based on similar price action in the recent past. They are both emerging market currencies however.
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