Buy exotic mxn USD chart upside down. just how I analyse iyBuy opportunity is an hour or few
volume confirmation going to be in an hour or so
USDMXN trade ideas
USDMXN: A Swing Long Opportunity from the Bottom-Introduction-
USDMXN has arrived at the support area of 19.600 ~ 19.800. This is a strong support level, as we can see many times the price has bounced up from this level. Observing closely in daily chart , we could see that before a bounce from the support area , almost all prices formed a kind of a bullish candlestick pattern. After the bounce, we could spot price moving in a range for about two to three months. Therefore, we will be looking for buy opportunities from the support level .
-Trading Plan-
From the support level, the price has formed several doji stars. We can also spot a bullish divergence in RSI. Therefore, we have entered our swing long entries.
Check out our previous USDMXN trading plan below :)
USDMXN LONGHTF setting itself up for a possible big up move. Will be focusing on entries on the STF when price reaches my level. Huge potential.
Trade safe & Trade smart :)
A reversal could be close in the USDMXNA harmonic pattern seems to be forming in the USDMXN pair, it could be a bullish Gartley, so the reversal could be close. The pair is currently trading below the 50-period moving average on a daily basis without having a very marked slope.
I see the strongest support at 19.74 which has not been broken since June of last year and previously served as support 2 times during April of this year. The extension to 127% of the fibo coincides with the resistances of January of this year, as well as those of November and October of last year. If the reversal occurs, the dollar could easily go to the range of 20.5-20.88 pesos and maximum at 21.20. I highly doubt current prices will hold up anytime soon before a change in direction occurs.
SHORTHello Friends, We applied Triangle Breakout and fibo Entry@ 100 Stop-Loss@ 23.6 Take-Profit@ 161.8 . Like , comment if You see a better picture. HAPPY TRADING
USDMXN: A Trading Plan from the Support Level. -Introduction-
USDMXN is currently approaching the support area of 19.600 ~ 19.700. This is a strong support level, as we can see many times the price has bounced up from this level. Observing closely in daily chart, we can see that before a bounce from the support area, almost all prices formed a kind of a bullish candlestick pattern. After the bounce, we could spot price moving in a range for about two to three months. Therefore, we will be looking for short-term buy opportunities from the support level.
-Trading Plan-
First, we want to make sure that the price will not break the bottom. Therefore, we will be first looking for a bullish candlestick formation at the bottom. It could be a doji star, engulfer, piercing pattern, etc. If a pattern is formed, we will then enter our buy positions targeting the resistance level of 20.150 ~20.200. We expect the price to range for about two to three months from the bottom to the 20.150 ~ 20.200 level; therefore, we will plan to trade this range. However, we are only planning to buy from the bottom because we do expect the price to eventually break up from the range.
USDMXN (Short)Short Signal
Dow - Bearish
(Lower low - Lower high formed)
Candles - Bearish
Three Black Soldiers on Top
Trend - Bearish
Upward trend line broken
Support & Resistance - NA
Divergence - NA
SHORT USDMXNI share with you this short idea for USDMXN. Mxn peso start to become strong. Interesting price action
Good Risk to reward
USDMXN Accumulating for an end-of-the-year riseThe USDMXN pair has been trading within a Channel Up since late 2020. The Fibonacci Channel levels help at understanding bettern the Resistance and Support levels involved on each Higher High and Higher Low leg. Right now the price action seems to be about to complete the (3) and final leg of the correction similar to that of August 2021. That was the Accumulation phase that led to an end-of-the-year rally that broke above the Higher Highs trend-line. We believe that a similar pattern will be followed, making the USDMXN a buy opportunity on the long-term.
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USDMXN | POSSIBLE UPSIDEUSDMXN is trading in bearish parallel channel. Price has bounced from the suppport of the channel making higher highs and higher lows.
one can attempt for long position as breakabove will give excellent returns
buy usdmxnThe price range of this pair was located at a minimum of the session at 20.2739 mxn and a maximum at 20.4402 mxn, from the structural point of view in the session of May 10 it formed a consolidation range, where the price is closer to the resistance zone if it is broken it could act as support for the next session, and the dollar against the Mexican peso rose slightly by 0.07% and the price has been forming a head-shoulder figure that favors buyers to break the resistance zone
Bullish pennant Nice looking bull run about to happen
Patience pays! 3HR timeframe Pennant pattern
Expect some turbulance here and there but by next week you should see some positive gains!
-LarenzoYouDork 💔
LONGHello Friends, We applied Triangle Breakout and fibo Entry@ 100 Stop-Loss@ 23.6 Take-Profit@ 161.8. Like, comment if You see a better Picture .HAPPY TRADING
Buy USD/MXNSell position in USD/MXN this is great opportunite. If you agree withe my idea don t forget like and comment pls .
✅USDMXN SHORT IDEA✅On 4H timeframe i am expecting USDMXN to be bearish
✅As per my setup and strategy I am expecting price to fall lower to Tracey 19.80200 before reaching their retracement is possible
✅For more accurate entry, look at 30M or 1H chart for better entry.
✅Plan risk management according to your requirements
Note :This is my personal opinion, do not take it as financial advise
USDMXN EWT - 03.05.22The motive 1-5 is complete. I was late to the party, but a quickie is possible. Given the correction unfolds as a regular abc zigzag, it will terminate at the red box.
Market Overview Ahead Of FOMCHello traders.
New video is here, talking about EURUSD, SP500, VIX, GOLD, CRUDE and USDMXN Ahead Of FOMC.
No positions here. Want to see the market reaction.
USDMXN TRADE IDEAOn 4H timeframe i am expecting USDMXN to be bearish
As per my setup and strategy
Scenario 1:We were expecting a retracement towards Fibo 0.382-0.618 zone before it falls into 1.618 level
Scenario 2 :Directly falls toward fibo 1.618 level
The setup might fail if any external event effects the price .As long as rules were followed this setup will be valid
Note :This is my personal opinion, do not take it as financial advise
long toward 21.4 a nice wolfe wave on Daily time frame indication bullish move for this pair toward 21.4
a double bottom also indicating bullish move as neck line has already broken
a divergence on MACD is also indicating for this up move
any comments please share
tnx
usdmxnentry
- index - ok
- COT - ok
- techniq - ok
- Time line - ok
- Momentum - No
- MacD - No
- RSI - ok
USD/MXN Possible Bullish ContinuationExpecting a slight pullback to 20.33000 which will act as a stop-hunt low. after that, price might continue being bullish. First TP will be on 20.85000 .
USDMXN FORECASTstill see the potential to move to the downside. The first impulse shows the momentum to the downside, creating a correction to create more opportunities to the downside.
