Looking for a long with stop at $3720 and first target of 70% at $5000
Mirando por una posicion en tendencia alcista. entrada precio actual, Stop o precio de salida en negativo $3720 y primer Target, 5000
70% de la posicion sale con 1er target y el otro 30 queda para seguir en long
This is one of the pairs that I enjoy charting. When UsdMxn has the right amount of momentum, you can really see this pair perform well.
We are watching this pair for a potential upside move. Does it have the ability to push up from here?
*This is not considered financial advice. This is for educational purposes only. Thank you for your positive rating and feel...
- 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
The inherent weaknesses produced by the pandemic in Latin America have produced the propitious scenario for a new hyperinflation to take place in the region, in this case in Colombia.
This nation that around its history and its abundance of natural resources has been subjected to the old history of the Dutch disease. in such a way that its industrial and...
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...
Oversold Yen , Peso Has Enjoyed The Commodities Strength Per The Bcom We Could See Weakness Oil Is Generally The Last To Drop In The Business Cycle Look Out Below If This Plays Out Great R/R Trade
I will bet on the USD vs the PESO any day of the week. Especially when those interest rates hike! This is honestly more of an economical trade for the long term. Ill exit at the targets. Previous high was broken and we are transitioning to the top side of the MACD on the 1 hour timeframe. When interest rates hike, the dollar gets stronger. Not advice. But I like...
USDMXN is back to a key area of support . Since we saw a clear, Strong impulse to break out of previous support, now its back to test it before continuing the bullish momentum.
Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The forex cross USDMXN is currently in an ascending triangle setup with resistance observed around the 21 price level and the support trend line seen around the higher lows of 20.12 and 20.25 respectively. Expectations are for USDMXN to rally towards the 22 price level. Failure of this move...
$EURMXN is making higher lows in a descending wedge which is typically a reversal setup (higher in this case). There is a strong inverse relationship with risk assets (SPX in this case) so a move above 24.1700 would be a very bullish event.
Investors are back from holiday, labor day is over, there is today some jewish holiday I do not know the impact but anyway the stock market will be open today, maybe a bit slower than it should because of that holiday. We'll see what happens, but unless something insane goes on I see no reason for this currency pair to suddenly go crazy. It has been in a boring...
