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 👊
MXNUSD trade ideas
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.
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USDMXN week shortOverall Average Signal from all our indicators suggest a short.
Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
USD/MXN next move!Hi, price has broken the falling wedge and pulled back to it... now it can start to go up!
USE PROPER RISK MANAGEMENT!
USDMXN LONGLooking for more long positions.
If price can hold above 21.46 then we could see price continue to push to upside for the rest of the week.
Its been a strong month for this pair. unltimately if price retraces i could look for an entry at TP5 or 6
USDMXNIt has stopped making LLL LH and have tested an major trend line.
for further confirmations better stick to trade plan shared for much safer entry and exit. CHEERS ;)
USDMXNI see a potential entry down there but technical traders will not agree they will only say it just a fake out since it trading under the trendline
Bear tendency Como se puede observar el precio tiene una tendencia bajista marcada por Ishimoku, y por la divergencia en el RSI por lo que la proxima parada es a 18 pesos por dollar
USDMXN LONGUSDMXN long retracement;
Sellers are getting exhausted as seen by the CCI indicator, the price is at a strong support level and the down fractal indicates a bullish trend.
USDMXN Analysis 12.31.21I love a fun mark-up night to prep for the end of the week! Check it out, I used good ole SRT basics and some of my favorite colors too.
USDMXN, another buy opportunity It can return to 21.5, it is in good support. The VIX is also falling near a support, when it rebounds so does this asset.
USDMXN Bullish MoveCurrently Looking for a continuation on the USDMXN. Price already hit the area of supply and has rejected. A Buy Stop Can be placed at previous high before retest for a safer option. Stop Loss is Below Supply Take Profit is the 0.23, 0, or -27 extension.
USD/MXN: Lower Moves Now Must Test Important Support LevelsThe USD/MXN is near the 20.71000 level in early trading this morning as the Forex pair has continued to demonstrate an incremental ability to traverse lower. Speculators who have been pursuing selling positions of the USD/MXN since it hit apex highs of 22.15000 approximately on the 25th of November may think the Forex pair remains attractive from a bearish perspective.
Support levels now in sight could prove to be important near term. Traders may have their eyes on the 20.65000 marks as a rather intriguing inflection point when long-term charts are glanced at based on the belief the USD/MXN may be slowly working its way back to a lower known range which was traded for much of 2021.
However, traders may not want to get too optimistic quite yet. As the Christmas holiday gets ready to start, trading volumes will become quite thin and the lack of large transactions in Forex could cause the USD/MXN to stall. The trading to come may see volatile spikes in price up and down, but these will likely be demonstrated because of imbalanced positions which could make for choppy conditions which are often unpredictable.
Day traders who want to participate with the USD/MXN are urged to use stop losses, which protect their positions against sudden fluctuations that can be dangerous when too much leverage is being used. The downward trend in the USD/MXN may also actually begin to experience a reaction if financial institutions believe the bearish trajectory within the pair has been too fast. Traders who continue to believe selling the USD/MXN is the right decision should monitor resistance levels near the 20.76000 to 20.79000 levels; if these are sustained this could prove important.
Traders should not be overly ambitious within the USD/MXN in the coming days. Tight range trading should be expected with the very real potential for a sudden spike to take place periodically. Traders wagering on the USD/MXN should also use solid take profit orders to make sure if a sudden run in value occurs, that they can be cashed out and the profits accounted for within their accounts. Traders who believe the holiday season will provide an opportunity to simply take advantage of tight ranges which will develop in the coming days cannot be faulted.
Mexican Peso Short-Term Outlook
Current Resistance: 20.79800
Current Support: 20.68000
High Target: 20.89700
Low Target: 20.47000
Usd/Mxn Buy IdeaDaily Trend is up
Price pulled back into the moving averages
Hour 4 Printed a Double Bottom Chart Pattern
Buy and hold to the top
This idea will make great money as this pair has huge swing but please use risk management
USDMXN - SETUPUSDMXN Let talk about USDMXN, price is moving in a round bottom format and trying to reach the upper level. The only watch-out area is 20.87, which acted as support now become a resistance to break. Price already bounce three times from the support zone which is now strong support. So we can expect the trend will favor the bulls, they can pull the price towards the 21.0 level. Good Luck!
