H4 MXNthe weekly analysis has u all caught up we now looking for shorts until a divergence is spotted 🔥
MXNUSD trade ideas
USDMXNThe lower lows were in play and it has recently taken support from FIB level 1, incase it closes on current levels which are actually 4 hourly strong trend line support than a buy attempt can be made with strict SL.
USDMXN double top complete (almost)USDMXN is nearing trend line support and 88% retrace, double top target at 19.9100, should find support near these levels.
Ascending triangleTriple bottom with Ascending Triangle as confirmation
Mexican Peso beginning to fall in price
Ride the wave up
-LarenzoYouDork
usdmxnLooking for buys in usdmxn. It has a high probability chance of breaking the top price level 20.730
USDMXN, BUYWhere are you seeing the most probable support zone? It takes long time to see. Good luck everyone.
WEEKLY ANALYSIS,TRADE OF THE WEEKAll my previous idea that i posted 90% of them were successfull trade. Check and make it your own backtest to my profile.
I will post every week, follow me
NB: its only weekly trading/swing trading
LONGEnter: 20.20620
Exit: 20.28400
SL: 20.14162
Bull Reason:
1. Moving in a range
2. At buy ZONE
3. RSI BULLISH DIV
4. FAITH IN GOD
BEARS:
1. Any thing Can Happen
USDMXN updates after JacksonThe positional struggle, or put simple the slow siege from sellers back to the base is finally exhausting.
Powell has attacked with a move several times the strength of the surrounding defence. USD will now maintain the pressure and birth of fresh strength will unlock the next leg higher in USDMXN.
Since 2018 we have been tracking the explosion higher. The break of the ABCDE triangle with Covid has already been analysed several times, much rather talk about the significance of the next move. Well, it renders the precedent and totally immobility of MXN, Powell confirming the USD offer is starting to expire means breaking strong support is no longer possible.
On the technicals we must be clear, the 18 handle contains not a little resentment but rather the ambitious dreams of forcing another move similar to what we saw in 2020, allowing our opponent into a false sense of security with a trap before capitulating as far as the eyes can see. The resistance to the topside is now mostly dead and buried.
For those looking to buy, the goal above comes in to play at 22.3x and 22.9x as a ideal extension.
USDMXN1 - Dow - Bear
2 - Candlesticks - Bears (Twizzer Top)
3 - S&R - Bull (Resistance)
4 - Trend - Bear (Tred Line Broken)
5 - Divergence - NA
6 - Seasonal Analysis - NA
7 - Chart Pattern - Bear (Double Top)
8 - Fib - Bear (Bounce from 32% Level)
Bulls Vs Bear
1 - 5
Trading Plan
Risk Level - 5%
Stop Loss - 20.40225
Entry - 20.25275
Take Profit 1 - 20.10950
Take Profit 2- Trailing Stop Loss
GOING LONG ON USDMXNHi I am going long on USDMXN after seeing an inverted bullish hammer form on this Daily level. I am targeting previous weekly highs.
USDMXN long position soonFirst proper break and retest of the trend. Needs a little more time IMO but looking good so far.
Looking to buy dips USDMXN at 20.2500Looking for range previous highs at 20.2500 level to be supported, and now dips will find buyers now that we are above the 200dma.
USDMXN OpportunitiesUSDMXN, after being stuck in a range finally broke to the upside demonstrating some bullish structure and momentum. An opportunity could be taken in the marked area or near it as long price "rejects, establish clear support" and respects the previous resistance as a support this time.
MXN 1W Forecast 22 Aug so we have seen rejection on our 161.8 and you know what that means now we go down to 4H and trade shorts till a reversal is indicated as it approaches our 100.00
USDMXN IDEAMy long term outlook for this pair. Since it’s broken the trend line, I’m expecting it to be bullish till the area of 21.57000.
💡 USD/MXN To the moon? Hi traders. Given USD strength the past couple days This USD pair looks to be the most interesting if it can play out this could be an explosive move higher. On the other hand if it breaks back below it would also be a nice short trade. Keep in mind the risk off sentiment in the markets as it will play a key role.
USDMXN IDEA Possible W pattern on the 4H timeframe. If the resistance holds, then a possibility of a sell off could be near.
Long USDMXN1st Target 20.9
2nd target 21.5
3rd target 23
After completing a 1,2,3,4,5 structure and and A,B,C pattern. Its time to more upside
USDMXNIts trying to hit and cross 50% of FIB Retracement level along with first HH and HL has already been made. Mentioned levels to be followed strictly.
