USDMXN - NEXT BEARISH SWING PENDING!Waiting for a pullback into 20.22530 or into 20.48773 to short USDMXN back down to swing low target 19.81614.
If you agree drop a like and if you have any questions leave a comment below :)
USDMXN trade ideas
USDMXN BEARISH LOOKFOREXCOM:USDMXN
USD/MXN looks to be heading to the downside. If price hits our alert we will consider entering a position and make some profits.
USDMXN(Long)Long Entry
Dow Theory in place - Higher high and higher low formation
Trend - Bearish trend line broken
Candles - Three white soldier formation at the bottom
SL & TP levels are mentioned
USDMXN LONGSUsdmxn is now in a Bullish uptrend the market has formed a HH and then a HL could now possibly make a new HH
USDMXN ideaSht Going thru the roof according to precious cycles and patterns. I would play long for at least 6 months
USDMXN to 25 or 27. Work in progress.It looks like USDMXN jumps every here and there and slowly cools down before jumping again. We are currently seeing another cool down phase and according to previous activity we are close to another big jump.
TP1: 21.80
TP2: 25.00
TP3: 27.50
SL: 19.00
Note: Zoom and pan complete chart. Note 2: I still need to take a deeper look into RSI and Moving Average correlations.
Tinfoil alert: Yes, very tinfoil. NFA.
sitting on the fence right before mexico's central bank decisionthe mex peso is in a clear uptrend vs USD; and is now sitting at multi year pivot price right before mexico central bank decision later day!
I'm extremely bullish MXN
USDMXN (Basic)Inspired by basic stuff .......
1 HR Trade
Following Dow theory Only
Wait for Price to trigger Entry position
USDMXN Parallel Channel | Daily Time FrameUSDMXN Parallel Channel formed on the Daily Chart Time Frame. Wait for a price action signal.
bearish breakout on resistance USDMXNFOREXCOM:USDMXN
looks like we are breaking down and heading to bottom line. If candle closes below support we selling...
USDMXN already guys, let's see what can do this pair with fibonacci strategy.
currently waiting for pullback for entry.
waiting for more confirmation
USDMXN BUY - SMALL RISK / HUGE REWARDRisk-to-Reward: +4.43
USDMXN BUY @ 20.43925
Stop Loss: 20.31274
Take Profit: 21.00000
Use Risk To Reward For Risk Free Trade management
***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.***
I am an institutional style trader and I go with the order flow of the market noticing price action more than anything and technicals are always last because throughout my 7+ year trading career I learned many styles and lost a lot of money chasing profits instead of understanding the psychology of trading and emotional intelligence it takes to not trade, but to make consistent profits and not risk my own hard earned money. Hope you take the advice and follow my trade ideas for more I cant post everything but my will be posting them on various platforms for before and afters.
***Correlates With USDZAR***
USDMXN Can Break The Trendline SupportUSDMXN is coming down nicely, but still sitting on that trendline support which I think can be broken this week. Ideally, pair will then continue south to 19.60-20.00 area. Resistance for B remains at 20.70/80.
A broken neckline on crude oil will be bearish for USDMXN.
USDMXN - sell ideaImpulse and a corrective three-waves setback.
Price broke the corrective trend line, and likely forming m15 flag.
Downside.
Trade safe.
Please note, this is my own trading plan, and not a fin recommendation.
US Dollar maintains upward trend against EM and DM currenciesThe US Dollar maintains its upward long-term trend against EM and DM currencies since 1996.
The Mexican Peso continues its long-term devaluation trend.
USD/MXN !!When you can identify the trend the noise becomes silent. The secret to making money is not over leveraging! we took all profits at his white rectangle above and we will be looking for re entries at lower market prices!
USD/MXN.. 2%+My daily outlook on USD/MXN is long. Use risk management and do not over leverage. Whats your thoughts?
USDMXN 20/07/2022Weekly:
-Previous resistance is acting as support.
-Bullish M pattern.
-Last weekly bullish candle could get filled.
Daily:
-M formation.
4H:
-Bullish M pattern.
-Inverse H&S pattern.
Possible 2.84% USD/MXNWe can see long term upside movement for the next couple week-weeks. What’s your thoughts?
USDMXNElliot wave methodology of 3 WAVE pattern structure seen here, Projecting a 3 wave downtrend to continue
USDMXN LONGUsdmxn is in a Bullish uptrend the market is retesting the support zone and has rejected from the 50 and 61.8 % golden zone fib and is trying to make a New HH to continue upwards
