USDMXN trade ideas
LONG - USDMXNPlease use the position tool to guide your entry and/or exit into the position. I will update the idea whenever necessary. Look forward to more profitable trading signals. Happy trading: You're welcome!
MXN BUY MXN is a ROLLER coaster of a market and is not one to mess around with but is very fun to trade
Structure right now is lookking long and this is a possible position that could be taken
However MXN likes to move quickly and take people out fast then reverse so its a very risky market that you have to be patient with
USDMXN 10/04/2023Weekly:
* Weekly lows
* Previous candle is bullish
Daily:
* Inv H&S Pattern
* IC
* Previous candle close is bullish
4H:
* Inv H&S Pattern
* IC Protecting the price
USDMXN - Potential Upward MovementUSDMXN retesting support levels near demand zone and is likekly to rebound. Exit at 1st supply zone
USDMXN : Bullish Continuation Priced nicely respected a key level of support on the daily time frame. The pair has experienced a bullish movement since respecting support.
We expect to see a bullish continuation for the pair as price heads towards our initial target for this setup (18.94617).
What are your thoughts ?
Do you agree with my analysis ?
usd/mxn possible reversal INCOMING here's my analysis on usd/mxn don't get caught up to much in the fundamentals here, this is a technical entry utilizing market structure and OB
Disclaimer - Information Shared is for educational and Demo purposes Only
USDMXN : Reached key resistance level, bullish reversal kicked oAs our analysis on Sunday predicted, the price successfully reached the key resistance level and initiated a bullish reversal as well.
We expect the price to make a few adjustments in price before heading straight for our target.
What do you think ?
Do you agree with my analysis ?
USD/MXN - Bullish AB = CD Reversal Pattern - RSI DivergenceUSD/MXN has formed a bullish AB = CD reversal pattern and price is showing RSI divergence at Potential Reversal Zone. Price has also started printing higher highs and higher lows. Will take entry at break of HH and expect continuation of bullish trend.
USDMXN : Possible bullish reversal The pair made an aggressive bearish reversal after 4 false breakouts of a key resistance level (daily timeframe). Now heading towards a major support level, I expect a bearish reversal to be possible.
We'll be looking for opportunities to buy after a retest of the key level of support (17.96227-17.87925). We should see the price moving towards our target 18.94617.
Please share your thoughts, do you agree with my analysis ?
USDMXN short openedTesting new strategy, so fatr so good, previous 2 trades where a success so i am gonna go ahead and try a sell position, so I am shorting forex USDMXN wit TP 1 17.87, educational purposes only, good luck to ya'll
USDMXN Trading Plan - 27/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect USDMXN to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
USDMXN LONGThe long term outlook on the monthly time frames shows a very strong US Dollar against the Mexican Peso (MXN). The Mexican Peso has strongly recovered against the Dollar since May 2020, this analysis is similar to the weakness of the Dollar against the South African Rand. The price levels have eventually returned to the demand zone at 17-18 price handle
Naturally we adopt smart money approach in our analysis. The institutional order flow show that there is a change of character on the Daily time frame. After the change in character we expect a minor correction to pick buy orders sitting at the 17.9-17.8 levels before resuming the bullish momentum targeting the 20 price handles with potential to go even higher to mitigate the fresh supply sitting at the 23 price handle.
We have a bullish bias with our entries placed at the 17.8-17.9 levels.
[Watch] Mexican Peso 0️⃣0️⃣1️⃣| ¡Viva México! MXNWho loves Tacos al Pastor?
In this video, I want to share with you two technical views I have on this exotic currency; the Mexican peso FX:USDMXN
Remember, my critical fundamental view is based on the $5bn Tesla is about to invest in the new Nuevo Leon, Monterrey Gigafactory.
Above All and All in All: God Bless America...!
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position buying Mexican pesos because I like the country and love Tacos al Pastor.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others 'how to' find a potential investment if the US Dollar weakens.
Possible USDMXN zonesPossible zones to buy or sell. Actually Long as inflation in Mexico decreased, so if USD keeps strong after NFP price will try to retest 19 MXN.
However MXN is strong so there will be rejections there. If Bank of Mexico continues hawkish, price will be bouncing around 18.11 / 18.17. Those prices are still OK to keep going long as 18 will be a strong support again. And 19 resistance, so good zones to keep buying/selling so you can milk in both sides.
So OK for me this weekend (11-03) and maybe next to search generally for Longs, specially if NFP good for USD
USDMXN 1D Bullish divergency Resistance level LONGThis analysis is based on the idea of significant historical price levels and RSI divergency seen on 1D chart
This level of price has been previously reached in April 2018 and now after 5 y there is a high possibility of the reaction, check out the RSI bullish divergency, I think this is a good time for a long position at least till price hits circ. 18.64, with an option to close 50-75% position and see if it goes higher minimising the risk, but it's just my idea not a trading advise, trade carefully place a s/l that won't be heart breaking :)
USDMXNOn the monthly timeframe, we have a CHOCH. The long term trend before the break was bullish. Currently we are awaiting bullish correction targeting the upside. On the Daily time frame we have a CHOCH that confirms our bullish outlook. We have our sell orders at 17.94130 and exit at 19.30045, a 10 RR.
USDMXN continuation shorts down to demand on dailywe should by now understand the game of probabilities when it comes to our trading edge. so with that being said lets go over this USDMXN. The peso’s strength reflects a relatively optimistic outlook for the Mexican economy, with 2022 growth surpassing expectations. Having grown 4.8% in 2021, the World Bank expects it to grow by 2.1% in both 2022 and 2023. As Far as the US Dollar Over the last 12 months, its price rose by 5.50 percent. Looking ahead, we forecast Dollar Index to be priced at 106.0575 by the end of this quarter and at 110.8027 in one year, according to Trading Economics global macro models projections and analysts expectations. However with recession fears and DXY being close to a weekly supply/order lock we may see a bearish spike on the dollar soon which will give us the EDGE we need to take this setup.
USDMXN - Potential Upward MovementUSDMXN tested previous lows and got rejected. It may have formed the start of a double bottom a will likely bounce back up. Exit at 2nd supply zone.
