already guys, let's see what can do this pair with fibonacci strategy. currently waiting for pullback for entry. waiting for more confirmation
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!
My daily outlook on USD/MXN is long. Use risk management and do not over leverage. Whats your thoughts?
We can see long term upside movement for the next couple week-weeks. What’s your thoughts?
See picture for analysis Feel free to share your thoughts. NOT SELLING USDMXN (ONLY BUYING)
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...
See Picture For Analysis. The strategy used for this is supply and demand.
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.
-Introduction- USDMXN is currently approaching the support area of 19.600 ~ 19.700. This is a strong support level, as we can see many times the price has bounced up from this level. Observing closely in daily chart, we can see that before a bounce from the support area, almost all prices formed a kind of a bullish candlestick pattern. After the bounce, we could...
The USDMXN pair has been trading within a Channel Up since late 2020. The Fibonacci Channel levels help at understanding bettern the Resistance and Support levels involved on each Higher High and Higher Low leg. Right now the price action seems to be about to complete the (3) and final leg of the correction similar to that of August 2021. That was the Accumulation...
-See chart for Analysis -Price inside support/demand area, look for buys with confirmation (1hr)
One of the most attractive currencies this week can also be MXN after strong CPI figures back on March 08, so there can be a hawkish policy decision on March 24 from Bank of Mexico. We see some important evidence for a resumption lower.
Another typical procedure can be seen here, the combined advance by buyers cannot be prevented in the long run. This advanced would (and now we are seeing....) lay bare the base on the strong support at 18.9x. Much worse for Sellers, the attack on the highs involves 22.9/23.0 as a main target. For the strategy, the correct plan now consists of holding and adding...
USDMXN is taking support from the long term trendline (red trendline). There is bullish divergence on the daily and the hourly chart as well. Breaking above the black trendline will target the top of purple trendline.
USDMXN is trending in a good momentum, making HHs and HLs, we are expecting bulls to be active from here and push the price from here to recent high. To support my view, Fib number 0.618 has also given support and trendline is backed by it too. Trade your levels accordingly.
We will probably go long on this one. MXN has had a fine run but we are seeing that power is decreasing and its running on tequila fumes. When price makes a breakout of previous high it will indeed get us confirmation. Peace be with you and happy trading!