USDMXN - Potential Upward MovementUSDMXN tested previous lows and got rejected. It may have formed the start of a double bottom a will likely bounce back up. Exit at 2nd supply zone.
USDMXN trade ideas
USDMXN 1H - Bear TrendAnalysis:
USDMXN-1H is currently in a bearish trend. If the price hits 18.03850 which is Fib retracement level, we can enter in a short trade. For this trade the stop loss will be at 18.20170 which is the previous lower high level.
------ Trade ------
Chart: USDMXN-1H
Type: Short
Entry: 18.03850
Stop Loss: 18.20170
TP1: 17.87530
TP2: 17.71210
📉 Short USDMXN 🇺🇸🇲🇽Heres a trade set up idea for USDMXN. We look to have formed a peak formation high, 2 days ago. Im expecting, price to rise on ,Monday to trap traders long and to have traders be stopped out from shorts before the next dump.
❌ 3 orders set 18.500, 18,600, 18,670
❌ Stop loss: 18,7404
Dollar/Peso Bears about Step on the GasI was amazed to see the recovery the peso had built over the year, it has me honestly surprised, especially knowing the wasteland that is the administration of the Mexican Government funds and budgeting. Regardless, if there is a maxim in trading, it is that price is king, and given the structure, we can appreciate, it all seems to indicate bears are about to take the bulls to the slaughter house.
Technically speaking we are fast approaching a trendline dating back to the "08" crisis when the peso lost about half its value in a span of months. A trendline that to this point had remained intact. I expect for the price to react when it comes in contact with the trendline, most likely in the form of some support, this must not be mistaken as the bottom of this downtrend. I am going to be expecting, with a high degree of confidence a new low to be made after the intial bounce of support is made in and around the trendline.
Usdmxn idea Lol peso at monthly support . Bank of méxico has rates at 11% unbelievable . plus don’t think us will halt their rate hikes soon. Dollar will regain some ground against the peso i the coming weeks
Great opportunity for a long position.Hello traders,
If you know what you are looking, really soon a beautiful long position in the making.
Uncomplicated analysis is the key...
Quick tip: Make DIVERGENCE the key element for your analysis and you will see the difference on your profits... Divergence doesn't lie :)
USDMXN Up.USDMXN Up.
1234 with a lower low.
Divergence.
Weak setup because of no clear Demand Zone - except the one right before it.
But offset by that Entry is sitting on a MXN strength news.
USDMXN - DailyThe price is around the support, and the H1 chart shows that the trend is making. So, it seems that the price tend to reach the TPs.
MXN/USD Continually BearishWe can easily see that the waterfall will continue to descend from heaven.
Mexican president said a few months ago that he will take mxn/usd to $16.
USDMXN Up.USDMXN Up.
Confluence.
Price squeeze at bottom.
Double bottom.
Looks like it will Dollar will go up against MXN.
usdmxn long scenarioUSDMXN long call
Trend reversal is spotted and confirmed, as on hourly chart it has already stopped making new lows and made new higher lows. Hence it can be good to ride in phases.
EP: Current Price
SL: 18.32051
TP1: 18.51147
RRR: 1.25
TP2: 18.64540
Just about to take off...Divergencies in multiple time frames, so Long position all day.
Thank me later...
Mexican peso forcastCurrently performing well compared to other Fx. So I forecasted the move it can make
USDMXN - BuyThe market broke structure and retested it, so we are expecting a buy move on USDMXN.
#MozolianTraders
Usdmxn Buy ideaPrice swept liquidity, then reversed breaking structure upwards, thus creating a h4 demand zone.
USDMXN Peso Earli signs of reversal LONG
Hello traders,
Great level of the support zone and early sign of change of trend- see 4h divergency, with a return of 2.7 I think it's worth it but don't take it as an investment advise it's just my idea with a s/l I won't risk too much! T/P at 0.382 Fib being also resistance zone
management of the capital is a one of the key to success as a trader
