USDMXN- 2 MONTH (2 BAR RETRACEMENT)Channel breakout on 4hr confirming high TF Analysis of 1 Week Range breakout
Buy at 4 hr Triangle Breakout
USDMXN trade ideas
USDMXN is setting up for breakout Watch bottom for long Hi there,
USDMXN is setting up for breakout. Watch bottom on lower time frame and look longer term buying.
Good Luck
USDMXN | ShortWe look at this currency pair from another point of view this time;
This currency pair has been moving in the side area for about 48 days, so we can predict that this side trend will continue.
what do you think?
USDMXN | LongThe USDMXN currency pair has approached a strong support zone by continuing to fall, and after that, signs of reversal can be observed.
what do you think?
USDMXN 15/09/2022Monthly:
Inv h&s
Monthly lows
Weekly:
Bullish M
inv h&s
Daily:
inv h&s
4H:
Bullish M + inv h&s
2 IC to protect the price as well
I put my sl bigger as usual because of the higher spread excotics have
Winning Trade 3 of Phase 2FX:USDMXN
Bullish Bias, Price is at the bottom of the range of
the daily timeframe. And is also a monthly
Support/resistance zone.
Sell ideaBlue three waves - may constitute the completed zigzag (a complete correction), and it is a bearish pattern.
Although, a complication is possible, where wave B will be a triangle, followed by a terminal wave up before the trend continues to the downside.
A pattern with the triangle in wave B (a zigzag) can be easily found in a recent price action of EURUSD, will show in the comments section,
trade safe
usdmax potential short breakout outlooklooks like usdmxn could break to the downside, if it breaks out we will execute a trade and make money as it goes down.
MXUSDFailed to make a new high so I looked for some OB's that havent been mitigated yet.. price touched the highest ob and reversed! lets goo
USDMXN | LONG ABOVE BREAKOUTUSDMXN has finally broken above the channel. The bulls need to sustain the price above the broken resistance zone .
The bulls are in complete control.
Trade your levels accordingly.
USDMXN Consolidation until the next break upwards.The USDMXN pair has been one of the better range pairs to trade in the market throughout the past 2 years. At the moment it is consolidating within the 1D MA50 (blue trend-line) and the Higher Lows trend-line. The 1D MA200 (orange trend-line) is the last line of Resistance, on the Lower Highs (2) trend-line, before a jump to Lower Highs (1).
The 19.800 symmetrical Support is holding and this resembles the April 20 - May 30 2021 fractal so far, which made an aggressive price jump when the 1D MA200 broke.
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USDMXN (Short)Potential Bearish Trade
Theories in Places
Dow - Lower low and lower high in place
Candle Sticks - Three Black Soldier formation at the Top
SL & TP levels are Defined
USDMXN(Long)Potential Long Call
Theories Followed
Dow Theory - Higher high and higher low in Formation
Candle Sticks - Three white soldiers formation at bottom
SL & P Levels are defined
USDMXN SHORTBearish pullback to key level of support.
Double pinbar rejection.
Expect further bearish movement with confirmation of bearish momentum candle.
On the 1hr we have a triangle pattern break to the downside in an area of confluence and pullback rejections of key support levels
USDMXN Sorry TradingView (Repost)Hello ladies and gentlemen this is a repost my last one was caught flaggin', I added a 4H zone for better analysis. I have trapped price and going solely off the Monthly in which I've seen price push bullish, push bearish and is now forming a bearish spinning top I would say if you're guessing you are not patience and if you are patient, you wouldn't risk your capital for pride. Price has clearly been consolidating since the end of 2020 breaking out the HTF range once the end of Q1 last year closing back in as a bearish engulfing and once again 4th quarter of last year. Unfortunately, price gapped, showed a bearish piercing line if I'm correct along with 3 bearish crows. Weekly might show it best as price dove back into the range, tested resistance only to close as an evening star skydiving right down to support set way back in late 2020 early 2021. Price attempted to break out but doji'd and formed a morning star. Drop down to the Daily and I see price proceed back up to HTF resistance but not before creating a HL @ 19.85-.90. After hitting ceiling price wicked out, double topped, H&S'd, broke support/structure in this case, retraced all the way back to about 20.750 and free fell back to the Daily support of about 19.80-.85. Price is now pushing back up to maybe retest the 20.20-.30 zone and continue descending or break through HTF resistance and head back toward the top of the range. I don't know! Happy Trading and thank you Tradingview!
