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!
MXNUSD trade ideas
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!
FOREX ANALYSIS : USDMXNFX:USDMXN
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
USDMXN Bull I am looking for a breakout to the highlighted portion.
USD is stronger than the peso and there is no negative news that should fluctuate price from technical points.
Lets see what happens
USDMXNI will bet on the USD vs the PESO any day of the week. Especially when those interest rates hike! This is honestly more of an economical trade for the long term. Ill exit at the targets. Previous high was broken and we are transitioning to the top side of the MACD on the 1 hour timeframe. When interest rates hike, the dollar gets stronger. Not advice. But I like this trade a lot. I honestly left my crypto trades for this to study this more.
What do you think?
MXNUSD [16Dec2021]Let's go, we caught the last drop, it is still bearish today, with vol dropping. and the lower high.
This may come to fruition next week, so this week I'll be looking into opening positions at the right place.
Goodluck
Redd
How to pick targets Here's is a great exactly of the typical of structure we like to target the left is a real high the right a cluster high or fake high
The market won't drop until it take it out in hence price hadn't dropped n almost a year now it's gathering the mom to go up n kiss it u can find a position entry if u know how to find that spot if ur not skilled then u can just wait for price to get there n short the exit n ride it dwn !!!!!!!!
MXNUSD [14Dec2021]Followup to the plans (below). If you followed you have nice short entries running right now.
I bagged some profit yesterday, and the bearish trend is still strong with DXY showing short term weakness in its bullishness. We might get MXN at the top end of the range soon, looking forward to shorting this again.
Good luck
Redd
USDMXNUSDMXN is back to a key area of support . Since we saw a clear, Strong impulse to break out of previous support, now its back to test it before continuing the bullish momentum.
USD/MXN BUY LONG TERMUSD/MXN Analysis; Price will continue buying long term from support zone price $20.90170 up to next daily resistance zone price $21.98530.
MXNUSD [13Dec2021]Background bearish signal is getting stronger as it is approaching the top end of the range. Volatility is still notably high and it is decelerating. Usually this happens when approaching the top end of the range due to volume balancing.
I will wait to short more at the top of the range.
Good luck out there
Redd
Peso correction - USDMXN LongThe Peso has had a smaller run to the upside and institution have been peso long. However last data showed an increase in shorts on the peso and therefor
we think maybe we will see USDMXN going higher.
This is one of our favorite pairs to trade and maybe its because of the tequila =)
Happy smart trading!
