OANDA:USDMXN Intereested in long term swing trade.Here it is.... Details on chart.With Head and shoulder confirmation and Unable to retest. If it breaks the neckline chart will be invalid.Wait till tuesday and enter. Pipdified.
Details on chart - Trade active FOREXCOM:USDMXN
If you missed the buy opportunity of USDMXN at the bottom of the wick that touched the trendline, well dry your tears for you can short at the channel retest with a good return of 1400 pips if it gets to our TP of 1.90000 psychological handle. Watch PA closely, if the bullish momentum is strong enough to incise the channel, this trade will be invalidated as...
USDMXN broke out of the one month long consolidation, we now have a possible bullish reversal and we can try to catch this retest for a long trade in the kill zone as shown in the chart above. Target one is as shown in chart but there more upside if we break above that level as well
So the short position a few weeks ago went beautifully, you can check on my profile. We arenow looking for reversal
USDMXN, has multiple resistance levels that has only been tested two times. If the upper resistance line continues to hold, I would expect the bulls to sell off and the bears to step up. -StampsFX
Looks like rally started. I think the direction will be up. Don't forget to do your risk analysis.
USD/MXN 1H Chart: Trades near weekly S2 The American Dollar has been losing value against the Mexican Peso in a small descending channel over the last two weeks. However, two days ago this pattern started to transform into the falling wedge formation amid the pressure from 55- and 100-hour SMAs. As downside momentum from the yesterday’s FOMC Meeting Minutes...
A short trade on USD/MXN pair initiated today. The trade is a long term position, which have the characteristics of carry trade (giving interest of about 4.5% y/y for keeping it) and very favorable risk reward of 1.51.
We are looking for this pair to break through and create a HH and go to 21.30000 area this could be multi day trade
Cycle is looking complete so a BUY order at around 19.97600 break should secure your long position on the up trend nice and early... Lots of pips to be had on this impulsive 5 wave up move... 3 orders will be placed to maximize profits...
Well, what do we have here? I'm seeing a 4-hour-chart based uptrend already broken, this pair is going down I think, but first it has to re-test that trendline, let's see what happens. Any comments?
Well, what do we have here? I'm seeing a 4-hour-chart based uptrend already broken, this pair is going down I think, but first it has to re-test that trendline, let's see what happens. Any comments? PS: I'm really ashamed, I used the word 'breaked' instead 'broke' hahaha my bad.
USDMXN broke the Daily support in 18/18.2 area. I setup a trade with an EP at 18.04 SL at 18.2 TP at 17.65
A short side breakout will be a sharp drop; long side will be a slow grind higher. Range is tightening as shown by the clumping moving averages.