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Mexican Peso/US Dollar

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MXNUSD trade ideas

USDMXN BUY - SMALL RISK / HUGE REWARDRisk-to-Reward: +4.43 USDMXN BUY @ 20.43925 Stop Loss: 20.31274 Take Profit: 21.00000 Use Risk To Reward For Risk Free Trade management ***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.*** I am an institutional style trader and I go with the order flow of the market noticing price action more than anything and technicals are always last because throughout my 7+ year trading career I learned many styles and lost a lot of money chasing profits instead of understanding the psychology of trading and emotional intelligence it takes to not trade, but to make consistent profits and not risk my own hard earned money. Hope you take the advice and follow my trade ideas for more I cant post everything but my will be posting them on various platforms for before and afters. ***Correlates With USDZAR***
Long
by Mi3-Legacy-Wealth
USDMXN could have a small setback - Cryptoz18█ Operation Information I expect after so much bullish momentum a small setback which would be quite valid since the VWAP denotes a large number of bearish orders entering in addition to the volume increasing little by little █ Operation data • Entry price: 20.54360 • StopLoss: 20.66287 (Loss 0.73%) • TakeProfit Minimum: 20.39080 (Win 0.60%) • Recommended margin: 5% of the Futures account • Recommended leverage: 1x. • Temporality: 15Min - 4H ✔️ Data: The user is recommended to move the StopLoss to entry once we reach the TPM or also known as the Minimum TakeProfit. In this way, if the trend is good for a longer timeframe, it will never touch the StopLoss placed on our entry. We will only have to pay the commissions in case we get the SL at the entrance. Being a 15-minute trade looking to take a 4H trend it is likely to have a fairly low Winrate due to the tight StopLoss however this offers us better risk management. We try to take a 4H trend using SL and TPM of 15 minutes. This way, we seek to obtain a profit of 100% between all operations. Only 5% of the account per operation could achieve our objective and thus obtain a return of 5-7% per month of the total account. This will be reflected at the top of our profile. █ Warning ✔️ Blockchain or FX operations represent a high risk. Therefore, this operation should not be taken as an investment recommendation. All I do is share my trade ideas publicly for the viewer to do their own analysis and decide to enter based on her own decision making. The viewer is recommended to have good risk management in their operations. To do this, take into account the fundamental data of Asset Volume, Market Capitalization, Supply, Percentage Change Price, Current Volatility, Perpetual Data, and lastly, proper Margin and Leverage management. Be careful, you can lose all your money in the future if they have poor risk management. Nothing more to say thank you very much.
Short
by Hi244me
1
USDMXN breaks bearish trendThe USD/MXN is attempting a breakout above 20.50, which will also see rates take out the bearish trend line that has been in place since last year. At the time of writing, it was doing a good job at that. A closing break would pave the way for more gains in this pair, and losses for the Mexican Peso. Emerging market currencies have been in the spotlight amid the Fed's aggressive hiking. There’s a risk that inflation in developed economies might prove to be more persistent – something the Fed highlighted the risk of at their last monetary policy sitting, judging from the minutes of that meeting released on Wednesday. If that's the case, more aggressive hikes could be on the way from the Fed and other developed economies, which should further reduce the appeal of EM currencies. Expect a summer of turmoil in EM space.
by FOREXcom