Get started

U.S. Dollar / Mexican Peso

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDMXN trade ideas

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!
by BrainBanditt
2
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.
Long
by HydraFinance
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***
Long
by Mi3-Legacy-Wealth