Hi people welcome to team Decrypters
we are Expecting this week Reversal on USDMXN pair , its on v key level and if we combined this with our previous Analysis of DXY and VIX .The USD pairs should move upside
- Seasonally MXN is strong in NOC/DEC
- Seasonally USD is weak in DEC
- COT supports this outlook
- Asset Managers + Leveraged Money accumulating Longs
- Leveraged Money also distributing Shorts
- Looking for a drop from DEC Pivot to DEC S2
- Higher Timeframe objective is Weekly Bullish Orderblock at 18.80
COT: images2.imgbox.com
USDMXN remains bearish and it’s now in a sharp intraday decline aboutwe have been warning about in the past. We see pair now breaking the trendline support and its falling below the important 19.70 level. This may cause more more weakness as a higher degree bearish triangle can come to an end. In fact, MXN has been one of the strongest even when USD was up vs GBP,...
The USDMXN pair largely confirmed our last buy signal almost 2 months ago as after it hit its first Support level, it rebounded aggressively to its Lower Highs trend-lines, as shown on the chart below:
We made this accurate projection based on the similarities with the April - June 2021 fractal. The correlation continues to hold as the price is now trading...
hey all and happy weekend as we can see in the chart we have support im still waiting pullback to resstence level to take sell
tp1=13.9800
tp2= 13,91600
goodluck
dont forget to leave comment if you are agree or no
"Forward testing idea for short-term trade.
Please do your own homework. This is only for journaling/date collection/ forward testing.
Algo: Signal Short 2/3
D+4H
Close-Down
RTSPs: 88,59,71,89,784
RRG Diff: (0.63,1.05)
Core Diff: NA
L-Short Diff(-0.6) L-Long diff(+13)
SL Ration- 13
the mex peso is in a clear uptrend vs USD; and is now sitting at multi year pivot price right before mexico central bank decision later day!
I'm extremely bullish MXN
Risk-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...
When you can identify the trend the noise becomes silent. The secret to making money is not over leveraging! we took all profits at his white rectangle above and we will be looking for re entries at lower market prices!
Hello traders, how are you?
Since last week I have been looking for a buying opportunity for the USDMXN pair, the price approached a very strong support, a support that has not been broken since the eighth of December 2020.
There is also a divergence on the 4h frame for CMF, VWMACD and MOM , this gives a strong indication of the price reversal from the current...
The USDMXN pair has been one of the most consistent buys in the forex market historically. In the last 6 years in particular there is a very clear Higher Lows trend-line that Supports the price and initiates major rallies when it is touched. The last contact with it was on May 30 and as expected, that caused a strong rebound. So far however it is contained within...
After checked FSR indicator I was able to locate some possible points which MXN will be follow.
Due high scale I was NOT able to modify my first approach so please keep in mind that this is only the next moves but no exact dates.
