Crossed Weekly and Daily POC continue trending down...Crossed Weekly and Daily POC continue trending down...
MXNUSD trade ideas
USD/MxNice impulse to the upside with some CHOCH. I would like to see price come back to grab left over liquidity to push up
USDMXN Elliott Wave Analysis USDMXN did not change much in the last few days, and it can stay that way till FED rate decision tomorrow. From an Elliott wave perspective, it's a still bearish trend, but can be making a fourth wave pullback, still headed towards higher resistance as subwave c is missing. The ideal zone for the next sell-off is at 19.12, while the invalidation level is at 19.51; as long this one is not breached trend remains bearish.
USDMXNHallo everyone,
For this pair I expect the following movement.
This is because the price has reached a strong demand area and created a strong movement again.
On weekly we have also a clearly trend reversal signal.
So I am now waiting for a buy signal on H4 to execute this trade.
Trade safely. BBA&NGU
Can UsdMxn Go Higher?This is one of the pairs that I enjoy charting. When UsdMxn has the right amount of momentum, you can really see this pair perform well.
We are watching this pair for a potential upside move. Does it have the ability to push up from here?
*This is not considered financial advice. This is for educational purposes only. Thank you for your positive rating and feel free to leave a comment below on your thoughts with the direction of this pair.
USDMXN - Another great set up!USDMXN - Another great set up!
Within the channel. A break below takes towards 18.65 areas & a break above matches 200 ema area 19. areas
Trade Journal
USDMXN Trading Plan - 17/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 - POTENTIAL SHORT ENTRYUSDMXN OUTLOOK
Price trading inside bearish channel and might retest the previous key order block where it rejected.
If it reaches there again, there might be a potential opportunity for a sell.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse Short entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:6.
Shorting the USD/MXN - Surfing the trendWe are shorting the USD/MXN at the market price with DMA CFDs because our trend following systems are giving us short signals.
MXN is strongly bearish at the moment, with very little strength (-32 on the weekly chart and -39 on the monthly chart). The price is below the 210, 70 and 14 SMAs in the weekly chart and there are opportunities to surf the trend.
Opening price: Market price
Volume: 0.1% of our portfolio
Risk: 1% of our portfolio
Trailing stop loss: 6% of our portfolio
Target: Trailing stop loss, or 18,300.
USDMXN | Decrypters | Forecast Hi people welcome to team Decrypters
we are Expecting this week Reversal on USDMXN pair , its on v key level and if we combined this with our previous Analysis of DXY and VIX .The USD pairs should move upside
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.
USDMXN to 25 or 27 final updateIt looks like USDMXN jumps every here and there and slowly cools down before jumping again. We are currently seeing another cool down phase and according to previous activity we are close to another big jump.
TP1: 21.80
TP2: 25.00
TP3: 27.50
SL: 19.00
Note: Zoom and pan complete chart. Note 2: I still need to take a deeper look into RSI and Moving Average correlations.
Tinfoil alert: Yes, very tinfoil. NFA.
USDMXN ShortUSDMXN Market Maker Sell Model (MMSM). Price ran up into a bearish Daily FVG (Fair Value Gap) and on the 30 min time frame it broke a swing low same time making a bearish fvg. I want to see price run up into that bearish fvg on the 30 min timeframe and then I target the Sell-side Liquidity at the lows. Remember everything is not 100% so if I lose the trade dont beat up yourself. Just wait for another trade.
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.
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!
