USDMXN trade ideas
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!
Mexican Peso about to get obliterated, On its way to 30I am, personally, very close to Mexico. I don't currently live there but I have and many of my close relatives and friends still do. I've never been one to pay close attention to Fundamentals or to question the tape. Still, for quite some time I was befuddled about the way the Peso was gaining ground over the Dolar. Don't get me wrong I am not opposed to it happening, it's just that knowing the many economic and financial blunders that currently plague this nation, it was simply mind-boggling trying to wonder where the currency could be picking that strength. Now I do have to admit that due to my close relation, again as I mention, I do carry a bias in this look but, my most recent examination of the monthly chart was extremely revealing. In short, after the price fails to break below 18.40 support, this seems really like a huge setup for an explosion in the price likely carrying it to the 30 pesos area.
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 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.
