MXNUSD trade ideas
USDMXN 09/02/2022Monthly:
-Price is monthly highs.
-H&S pattern.
Weekly:
-H&S pattern.
Daily:
-Bearish W pattern.
-H&S pattern.
4H:
-I will wait for the retest of the daily zone and a retrace candle as confirmation to take a short position.
USDMXN LONG OPPORTUNITY, HIGHLY OVERSOLD!!!Rate hike expectation is up, inflation is not gonna fade soon. Fundamentally strong USD. USD strong toward first hike is the best bull.
USDMXN | Upside Intact USDMXN is trending in a good momentum, making HHs and HLs, we are expecting bulls to be active from here and push the price from here to recent high. To support my view, Fib number 0.618 has also given support and trendline is backed by it too.
Trade your levels accordingly.
Ichimoku:USDMXN Will the trend become the next Turkish lira?
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USDMXN Bigger Push is coming?Hello Fellow Traders, Here is a Updated Analysis For USDMXN.
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
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USDMXN Future moveHello traders,
Here is my analysis of USDMXN. A downtrend ( red ) is an alternate counting for Wave 2 before the switch to an uptrend
USDMXN 02/02/2022Weekly:
-Bullish M pattern.
-Weekly IC.
Daily:
-Bullish M pattern.
-Daily IC.
4H:
-Inverse H&S pattern.
USDMXN 02/02/2022Monthly:
Continúo con la tendencia alcista
Weekly:
- Bullish M
- Los cuerpos cierran sobre el Weekly RP
Daily:
- Inv H&S
- Bullish M
4H:
-Inv H&S
Mexico never let me down againGoing long on usdmxn on the premise that the Peso will continue to fall.
USDMXN INTRADAY SHORTWe are holding long term USDMXN long. This short is intraday one and pretty much 100% technical analysis.
USDMXN WEEK LONGOverall Average Signal from all our indicators suggests a Long. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
mxn short ideadivergence +resistence may go further looking for a slight retracement to determine tp
anything fundamental will remain that way i trade what i see
USDMXNWe are taking USDMXN Long
We believe this trade is going to be wild soon 😎
I am in this trade and we are expecting bullish momentum
Good luck guys 👊
BAISSE de USDMXN BAISSE de USDMXN (VENDRE)
date : 28/01/2022 , sell price : 20.84589 , stop loss : 21.00000 , TAKE PROFIT : 19.40000
Mexican Peso has run out of power?We will probably go long on this one. MXN has had a fine run but we are seeing that power is decreasing and its running on tequila fumes.
When price makes a breakout of previous high it will indeed get us confirmation.
Peace be with you and happy trading!
USDMXN Swing Trading AnalysisUSDMXN Just completed a full Retracement move off of our Fibonacci Retracement tool... Is there the Possibility for Longing this pair now or do you expect a break out after the just Impulsive move? This is what you should ask yourself if you have a Rules Based Strategy...
As for Radix, we're simply waiting if only our Rules are met we will be longing this pair with a good Risk to Reward Ratio..
###$$$Radix Fx Academy
Comment below👇 what are you expectations on the pair...
Daily Bearish 3 Line Strike Setting Up For Higher PricesI'm already in a long term trade on this ticker from a very old swing trade post but it's showing a good sign for continuation here that those who missed the first entry can use to enter on today for a faster trade.
USDMXN Long on Correction. USD have up spike because of the very red manufacturing due to omicron. This will fade as omicron will gone soon.
USDMXN WeeklyI've been watching USDMXN for a couple months now, watching it play out this familiar pattern. After forming that slight curve and starting to consolidate at the bottom of the zone it may be time to open a long. What is everyone's opinion?
Elliott Wave Analysis: USDMXN Remains BearishHello traders!
Today we will talk about USDMXN pair, in which we see quite clear bearish pattern from Elliott wave perspective.
Looking at the daily chart, we can see a nice three-wave W-X-Y corrective rally within a higher degree wave (IV) and correction looks to be completed after recent sharp decline, which looks to be unfolding five waves down from the highs in the 4-hour chart.
Five waves down from the highs indicate that market found the resistance and it's turning back to bearish mode, ideally back to lows for a higher degree wave (V). So, watch out for more weakness in the first half of 2022, we will just have to be aware of short-term a-b-c corrective pullback within downtrend.
The main reason for a potential pullback within an a-b-c corrective recovery could be strong resistance on Crude oil, so if Crude suddenly slips following stock market sell-off, then USDMXN could face some rally, but probably temporary only with resistance in the 20.75 - 21.35 zone.
Trader well!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
