USDMXN pulled back with @20.84508 which we could consider this level as a critical zone , for now my expectation for that pair is rising @21.85864
USD_MXN BROKE OUT OF RESISTANCE. LONG ON PULLBACK (1) The pair is generally in the downtrend (2) But a support formed (3) Together with breakout, its a long (4) A retracement of a strong downward movement on higher timeframe ___________________________________________ LIKE and SUBSCRIBE for QUALITY
Short EURMXN @ 26.30; TP @ 25.11, SL your choice
USD_MXN IS TESTING CHANNEL RESISTANCE AFTER DISREGARDING HORIZONTAL STRUCTURE (1) Horizontal resistance disregarded. The channel lines were perfectly respected (2) IF breakout is confirmed>>> (if candle closes ABOVE the level) (3) Long up to the next resistance. (4) If not, a short looks good....
Perhaps more downtrend for Peso. Counting for Wave 3 still not finish FX:USDMXN
Waiting on Monday for the market to open. Hoping the spot price rises into the green area. Confirming a strong Short buy
This is a 45 minutes chart for determining the best probability to enter sell for peso FX:USDMXN
USD/MXN - High probability sell setup - Week of 09/6/2020 Wait for key support to breakdown with a retest before going short. The long scenario is unlikely at this time.
Hello Traders, kindly like this idea if you love it and leave your thoughts in the comment section Expecting the Euro/Mexican Peso pair to seek discount pricing (lower low) after it was met with bearish repricing at the 28.00 level. The OB on the Daily chart should be able to propel price lower attacking Sell-side liquidity and seeking discount prices at the...
Hello Traders, kindly like this idea if you love it and leave your thoughts in the comment section The United States Dollar/Mexican Peso pair could potentially see more downside price movement after a Shift in Market Structure and a Break in Market structure attacking sellside liquidity and potentially seeking internal range liquidity at the Monthly FVG. NB:...
Watch for price action drill down to lower time frames for proper entries. Comment what you think, and share your charts Previous USDMXN Ideas in related links Comment, LIKE, Share
Wait for the Daily Candle to close above price level 22.19683 before entering.
EUR/MXN - Great opportunity. I took the short from yesterday, as the pattern looked like bear flag as well as descending channel and various other aspects. For now technical aspects: Below the support of 25.78 the bears could have further control and head towards the next support areas of 25.68 which matches out retracement of Fibonacci 161.8 area. Above and...
The EM currencies aren't moving as much considering the major pairs are...that's an interesting thought to keep in mind! If you're looking for good risk reward trade, i'd go to EM currencies - Major pairs are little over extended. However, for those swing traders PESO looking clean...which way will it break. Will we carry on the pattern of descending channel?...
Ok let's get started with the next round of important chart packs and fundamental updates 📍 On the fundamental side in USDMXN - as strange as it sounds all eyes are on the other side of the Atlantic. Once again politics in Europe is getting in the way, with discussions on the recovery fund coming to a close this weekend and looking like we are going to see this...
The price is expected to react in the area of 3,750 pesos, since its Daily structure is bearish. Se espera que el precio reaccione en la zona de los 3.750 pesos, ya que su estructura Diaria es bajista.