MXNUSD trade ideas
Clean DirectionAccording to our analysis it has a formation to fall, wolves🔥
There is a flag pattern formation on MXN.
The price is in a consolidation now. Multiple times it bounced from the support and resistance zones.
So huge impulse after breakout is expected.
Follow the chart and look for the breakout carefully.
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USDMXN LONGS SOS and LPSUSDMX nice Risk reward ratio , entry point on phase E on Accumulation Phase, lets see if this can take off after this throwback.
Weekly Hedge Position Idea Usd/MxnHere you can find my weekly trade ideas.
I have an unconventional style, you should know that before you look at my ideas.
All trades amount to Fundamental, Economical, Mathematical, - Technical information.
Every week on Sunday there is an update because new information is published over the period. Depending on how these end, the trade is either closed "early" or it continues on its way towards TP (Take Profit)
CRV (opportunity-risk ratio) is ALWAYS 1 to 3, (slight percentage deviations may occur, as entry and exit are calculated per volume)
Trading style includes hedge and trend based swing trading and position trading approaches. (estimated duration of swing trades: 2-6 weeks, position trades: 2-8 months)
You are welcome to take over the trades if you want. But I would recommend you to bring your own experiences with you and use them. The trading style does not suit everyone and that is absolutely normal. You can also break the trades down to the smaller time Frames.
Enjoy and take what you need.
Have a good and successful week!
Please Only Take this Trade If you Have a Positive Swap on Short Positions at your Broker. This Trade also Includes Swap-Trading!!!!!!!
USDMXN is trading in a very strong support level The USDMXN is trading close to a very solid support near the 200 EMA in weekly candle. It has been bouncing since November last year from that same support. The last time it broke the 200 ema was in May 2013; in February of last year it reacted strongly when it touched it. From my perspective, an upward rebound is more likely than a break of the support, which could reach 20.5 pesos per dollar.
USDMXN | SHORT-Values-
Entry Range: 19.93293 - 19.97017
Average Entry: 19.95845 (RRR: 1.86)
Stop Loss: 20.00931
Profit Target: 19.86254
-HOW TO ENTER MY TRADES-
1. Ladder your entries.
You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled.
2. Only first touches are valid.
If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid.
Example:
Trade Idea:
Valid and Invalid Entry:
USDMXN - SELL
Momentum trade : Full bearish in W and D1
Confirmation in H1
Keep an eye in the way it return to our demand zone
USDMXN Shortthe depreciation of the USD is boosting the MXN.
Targets are 19.68000 / 18.87000 / 17.10000 / 16.40000
USDMXN - Waiting for Long Set upUSDMXN at monthly and weekly support levels and with the DXY looking to reverse to the upside this week, we could see a reversal of the USDMN to the upside - lots of volatility.
USDMXN Hi friend
Great position for long trade, important support and big fundamental news about US dollar.
I will place may alarm at 19.80...
...On a Mexican holiday
Where the sun is shining away...
Good luck!
Any comments of the idea please let me know.
Thank you,
Israel
