USD/MXN: Swingtrade-Opportunity#Pull-BACK!Hey tradomaniacs,
welcome to another free signal!
Important: Remember the currentrelationship between USA and China!
Fundamentally a risky trade! ;-)
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Type: Swingtrade
Buy-Stop: 19,18884
Stop-Loss: 19,06362
Target 1: 19,39917
Target 2: 19,48759
Point of Risk-Reduction: 19,28218
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Peace and good trades
Irasor
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Usdmxnlong
USDMXN A tequila "Shot"If you missed the buy opportunity of USDMXN at the bottom of the wick that touched the trendline, well dry your tears for you can short at the channel retest with a good return of 1400 pips if it gets to our TP of 1.90000 psychological handle. Watch PA closely, if the bullish momentum is strong enough to incise the channel, this trade will be invalidated as there's not a lot of fundamental backup to it.
The USDMXN has a high pip return and would be nice to it to your trading portfolio.
Happy trading and profitable week!
NOTE:, I am still long on this pair since the entry on Friday but notice that we are heading to fib 50% and a major weekly turncoat-resistance, hence the neutral stance and EUREKA Moment!!!
USDMXN: Happy Easter! Hey everyone first i want to wish everyone and their family a great easter weekend!
We are looking at the USDMXN pair a second time after we were anticipating a great short from the last idea. I will link it below.
We clearly see that the bearish trend line is broken and retested on the 1h timeframe. The red horizontal line is a key support level, where price did change before.
Divergence is also in play around this area.
We are looking for long in this area only and aiming for the last highs at least.
I will keep you guys updated and have a great trading week!
USDMXN Analysis Potential Short & Long PositionGood Evening Traders, #ForexFargo checking in!
Today our analysis is on USDMXN.
Please bare with me as I have never looked at this pair and this is my first analysis.
The overall trend is Bullish indicating strong momentum.
Price has rallied from Monthly Support Level @ 19.0000 to our Market Structure Level @ 19.35000. 350 Pips!
Weekly Resistance Level is set @ 19.50000.
Weekly Support Level is set @ 19.10000.
Please refer to chart for detailed descriptions on Short & Long Positions.
Happy Trading as always!
Fundies Show Weakness, Technicals Show OversoldTo be brief, Mexican growth is slowing with prospects for the G20 economy to slow further. Technicals oscillators shown below indicate a buy as well. This buy is a bit crowded however, so I wouldn't be surprised if the contrarian sell comes in strong. But I lean long.
If you like my analysis, please feel free to check out my other work at www.anthonylaurence.wordpress.com
USDMXN LONG 4U Bullish-W Hey guys,
I'm just testing a new strategy post to see in a few days what it's all about, this strategy worked before I'm curious what this will do, if you have analysis on the USDMXN let me know I think it's a difficult market but when you can get it under control and understand it you can act in it consciously.
thanks for checking out
USDMXN Possible bullish reversal USDMXN broke out of the one month long consolidation, we now have a possible bullish reversal and we can try to catch this retest for a long trade in the kill zone as shown in the chart above. Target one is as shown in chart but there more upside if we break above that level as well
USD/MXN LONG IDEA - WATCHING FOR REVERSAL AFTER 1400+PIP DROPWe just caught 1400 plus pips on the sell of this pair (note linked related idea below). I have been waiting patiently for indication of reversal. We just received impulsive bullish movement; note also how price respects trendline and has confluence with 61.8% fib level. TP levels 1 and two are placed at 50% and 61.8% fib extension. Yellow zone is a key demand zone historically. Trade at your own risk and always use proper risk management.
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.