USDMXN 03/01/2023Monthly:
-Previous low broken is acting as resistance.
-No structure on the left until the next monthly low.
Weekly:
-S&D zone.
Daily:
-H&S pattern.
4H:
-H&S pattern.
-Bearish W pattern.
MXNUSD trade ideas
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
USDMXN LongSame strategy. Price is around a strong support/Resistance dinamic line. It could go up. This trade has a good risk management ratio.
re-entry Long USDMXNPrice close to the .618. The other entry has not hit SL. But this one has a better risk/return ratio
QUICK SCALPVolume profile strategy. Correlation with EURUSD.
Volume profile strategy. Correlation with EURUSD.
Volume profile strategy. Correlation with EURUSD.
Volume profile strategy. Correlation with EURUSD.
USD/MXN with upside potentialIt seems that there was a bear trap a couple of weeks ago in USD/MXN.
I can see it break to the upside to around $21 but it's gonna take time
USDMXN (Short)Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low in Place
Candle Sticks - Not any particular pattern
Bearish Trend
SL & TP Levels are defined.
20,21,22, $24 it's possibleWeak mexican economy with high interest rates the perfect mix for a disaster and the Mexican peso Knows it!, we should se over 20 in a few sessions. 3 bull flags!
USDMXN long setuphere is my setup for USDMXN
move the SL to BE at the yellow area >>> TP as shown in the chart
make sure to trade with SL it will be fast trade
good luck
USDMXN 174 months cycle?? Tinfoil maybe but this current trend looks a lot like what we've seen in past "cycle" if we can call it like that.
USDMXN Long scalp in the horizon Trend always reverses at the Blue Line (50-100 EMA / Monthly time-frame)
Thus target entry is at EMA 100 = 18.75MXN:1USD
Stop loss 17.75 based on 2017 support
Exit 23 mxn could go to 26 mxn but low US M2 following to 2008 spike ( 2011) tells me it wont go as high as covid's peak)
USDMXN LOWER BEFORE X-MASS- Seasonally MXN is strong in NOC/DEC
- Seasonally USD is weak in DEC
- COT supports this outlook
- Asset Managers + Leveraged Money accumulating Longs
- Leveraged Money also distributing Shorts
- Looking for a drop from DEC Pivot to DEC S2
- Higher Timeframe objective is Weekly Bullish Orderblock at 18.80
COT: images2.imgbox.com
USDMXN Entry Price 19.42638Price pulled back to Fibonacci Retracement Level 50%. Price pulled back to Pivot Point Level. Enter at price 19.42638.
NO.25Just a lousy bearish BAT! I know it is not adhering to the principle of B projection = 0.618 but still, I saw a bat and I drew it.
USDMXN (Long)Potential Bullish Trend
Higher high and higher low in place
Bear Trend is Broken
Three white soldier formation at the bottom
SL & TP levels are mentioned
USD/MXNWe have been hovering around this zone for a while now.... Looking for price to tank in the next few days for next week!
Currently oversold on the daily. Bollinger band overextendedJust looking for an trend line break to retest the bearish move. Candles also resting on the lower Bollinger bands.
Looking for support. We are close to pre pandemic support. Doubtful it will break. interest rates in my opinion were suppressed for elections. Possibly a very good swing trade. Keep and open mind.
UsdMxnThe USDMXN pair is trading in a bearish trend, below the weekly support level of 19.900, and cannot break the LH level of 19.600.
USDMXN Projection Big MoveHello Traders
In order to make a move like this, the price cannot break the "First Invalidation". This idea is based on modified Elliot wave
'USDMXN Breaking LowerUSDMXN is coming down, now breaking 19.43 decisively as the Bank of Mexico's lift rates from 9.25 to 10% as expected, while on other hand US inflation is coming down. So it's a double win for bears on USDMXN which are in full progress now in wave 3 with support around 19.00. Resistance on rally is at 19.43 and the trendline.
We have been bearish on USDMXN for a while and looking even for 18.50 pandemic level on a bigger picture. Below that is 17.33. We cover these in our video a few weeks back.
