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U.S. Dollar / Mexican Peso

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USDMXN trade ideas

Long in USDMXNI have initiated a long position in the USDMXN forex market as the price has reached a significant demand zone. This trade decision is backed by a comprehensive analysis of market conditions, where I have identified key technical indicators and chart patterns that suggest a high probability of an upward movement. The USDMXN pair has shown a clear bounce off the demand zone, indicating a strong potential for a bullish trend reversal. Additionally, the convergence of multiple factors, such as a bullish divergence in the oscillators, a break of a key resistance level, and a bullish candlestick formation, further reinforces the trade setup. With a well-defined risk management strategy in place, I will closely monitor the trade, adjusting stop-loss and take-profit levels as necessary. By sticking to a disciplined approach and staying informed about market news and economic events, I am confident in my ability to successfully navigate this long position in the USDMXN forex market and capitalize on potential upward price movement.
Long
by JuanHernandez
Shot in USDMXNI have entered a short position in the USDMXN forex market as the price has touched a significant supply zone. This trade decision is based on a meticulous analysis of market conditions, where I have identified key indicators and patterns that indicate a potential downward movement. By strategically executing this trade, I aim to capitalize on this favorable opportunity, leveraging my expertise in trading to navigate the market with precision and achieve optimal results. The USDMXN pair has shown a clear rejection at the supply zone, indicating a potential reversal in the price action. Furthermore, the confluence of technical factors, such as Fibonacci retracement levels, trendline resistance, and bearish candlestick patterns, adds further weight to the trade setup. With a comprehensive risk management plan in place, I will closely monitor the trade, adjusting stop-loss and take-profit levels as necessary to maximize potential gains while minimizing potential losses. By adhering to a disciplined trading strategy and staying abreast of market developments, I am confident in my ability to successfully navigate this short position in the USDMXN forex market.
Short
by JuanHernandez
Short in USDMXNI have initiated a short position on the USDMXN currency pair based on the price touching a supply zone. After conducting a thorough analysis of the market, I have identified a significant supply zone where sellers have shown strong interest in the USDMXN pair. This zone suggests a potential reversal in price direction and presents a favorable opportunity for a short trade. Trading based on supply and demand zones requires a deep understanding of market dynamics and price action analysis. I have carefully examined the price movement and identified this supply zone as a strategic entry point for a short position. To manage risk effectively, I have implemented appropriate risk management strategies, including setting stop-loss levels to protect my capital in case of any unexpected market movements. By taking advantage of this supply zone, I anticipate potential gains as the USDMXN pair potentially moves towards lower price levels. I will closely monitor the market and make necessary adjustments to optimize profitability and minimize risk throughout the duration of this short trade.
Short
by JuanHernandez
Short in USDMXN"I have recently taken a short position in USD/MXN due to the emergence of a bearish harmonic pattern. After conducting a thorough analysis of the market, I have identified the formation of a bearish harmonic pattern, which suggests a potential downward movement in the price of USD/MXN. This trading decision is based on the expectation that the price of USD/MXN will decline as the bearish harmonic pattern unfolds. I have also observed additional bearish indicators that support my decision to go short. As a diligent trader, I will closely monitor the price action, market sentiment, and relevant economic factors to effectively manage my position and make necessary adjustments as the trade progresses. Implementing a strong risk management strategy is crucial to protect my capital and optimize potential profits. However, it is important to note that trading USD/MXN or any other financial instrument carries risks, and careful consideration is necessary. I highly recommend conducting thorough research, developing a sound risk management plan, and, if needed, seeking guidance from a qualified financial professional before making any investment decisions."
Short
by JuanHernandez
Retest $17.10 then lower to $16.98 SCENARIO 1) Strong immediate Resistance at $17.07 currently on USDMXN, although a push to retest $17.10 would be fair. Key point is a Leg down $16.98 is in my sights. SCENARIO 2) IPC Mexico INDEX for Mexican stocks takes a breather after reach ATH’s near 57,700. Indicators point to OVER-BOUGHT conditions plus a gap fill needs attention at 55,200. That would be a likely target for a retracement. In alignment the USDMXN would likely head back up $17.20-25. SCENARIO 3) USDMX is at a prime level to form a DOUBLE-BOTTOM, which will ensure USDMXN a revisit to $17.50 psychological level.
Short
by robertofdz04
5
USDMXN: Sell Short EntryGood morning trader, today I share with you this short entry I made on the USDMXN pair as I found a good setup as shown in the main image above. Based on my experience, I have codified a series of signals and triggers that I have incorporated into a single indicator which, as you can see from the image, shows me a clear and quick overview of the market, making the analysis faster and more intuitive. The image therefore speaks for itself. We have a start of a bearish structure which is immediately confirmed by a short trend start signal and a structure confirmation signal. The price then begins its descent, moving below the TrendCloud which, given the uncertainty, turns gray as it does not have a defined trend in itself. The price then returns to the ema21 which acts as resistance, where a short price action trigger is created with a reverse candle. Subsequently we see the price return to the moving averages area where an FT Short signal appears which is not immediately confirmed. The price needs to create 2 more swing highs on the resistance area (TrendCloud / ema21 / ema100 / ema21 weekly) before confirming the signal, which it did on December 13th with the breaking of the last swing low , starting the new cycle in favor of the trend. Going down to the 4H I entered a retracement in the ema21, with a stop above the highs and a take profit momentarily in the low area at 16.75 to be managed based on future movements. I expect a movement in the 16.95 area where I have highlighted a trendline of support at the lows where I could close all or part of the position if the price does not show the strength to continue. 👍 Did you enjoy this sharing? If you also agree with my view, give it a like, I would appreciate it very much 😁 💖 Remember to follow me so you don't miss my future analyses. 🔑 Get access to all my indicators for free for one week, or Write to me to find out how to get free lifetime access TAGS: FX:USDMXN FOREXCOM:USDMXN SAXO:USDMXN FX_IDC:USDMXN PEPPERSTONE:USDMXN EASYMARKETS:USDMXN
Short
by LuTrader_LB
6
USD MXN ShortAfter Dovish FED and Strong México económico. For 2024 the Pesos will reach 16 and 15 pesos. I expect just consolidation for next days. I arrived from Europe, actually in the CDMX and now is hard to have a strong peso. Before going to La Paz, I will be in Querétaro and change some Euros as I expect a pull back up so before the price fall. From 18 to 22 you can choose the best day. I expect prices between 17.20 and 17.22 Don't hesitate to contact me for further guidance.
Short
by ehernandeza90
Fed vs. Banxico: USD/MXN forecast The US Federal Reserve (Fed) is set to announce its decision on Wednesday, followed by the Bank of Mexico (Banxico) on Thursday. Forecasts suggest that both central banks will maintain their current interest rates. Recent indications from Banxico suggest a leaning towards a more accommodative monetary policy. However, Deputy Governor Irene Espinosa has expressed reservations, highlighting the persistence and escalation of inflationary risks. Analyzing the USD/MXN chart reveals an upward momentum, with the pair converging between the 200-day Simple Moving Average (SMA) and the 50-day SMA at 17.40. The reclaiming of the psychological level of 17.50 could be a crucial factor in confirming this momentum. If the USD/MXN experiences a decline, the 100-day SMA may serve as a noteworthy level before reaching support at 17.00/05. Economists at Rabobank project USD/MXN to average around 17.20 in the next month. They expect the pair to trade around this level in early 2024 before potentially rising to the 17.80 region by the end of the first quarter.
by BlackBull_Markets
2