USDMXN Buy Trade Setup for Intraday/Swing Trade
Please manage your risk. Use Stop loss. And do not take blind entries.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
A la espera de qué ocurra con el dólar, concretamente con el DXY para tomar una decisión en USDMXN, es preciso estar atentos ante una ruptura. Un Sell stop o Buy Stop pueden ser buenas ideas para operar la ruptura
Strong bullish wave (A) occurred after breaking downtrendline
then corrective bearish wave (B) rejected from broken downtrendline with bullish movement
MACD shows start of bullish momentum
Pair is based above HVN at level 22.3538
It's expected for coming strong bullish wave (C) to first target key level at 22.9080
then finally target supply zone at level 23.2320
Strength of USD versus currencies of EU, Japan, China, India, Russia, Mexico, Brasil, Saudi Arabia, Turkey, South Korea.
There had been a cosmic demand for dollar but as COVID hit USA from April 6 we saw a breakdown.
Now we are at major support, on the monthly balance point, from which a push up is likely but not guaranteed.
The area between CAMS1 and CAMR1 is...
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...
In our previous analysis, our target was achieved and hit more than 200 pips as it was a short term trade. USDMXN rebounded after testing its support at 22.8100
AFTER BROKE THE 22.500 breakout , THE USDMXN WENT ALMOST TO REACH THE OTHER RESISTANCE 22.8100 ZONE...
THE CANDLES ARE STRONG , SO LETS TRADE TOWARDS THE NEXT 23.25 AREA .We will be looking for good...
POSICION EN LARGO EN USD MXN ROMPIO TENDENCIA BAJISTA RETESTEO EN LA LINEA DE TENDENCA TANTO EN 61 DEL FIB PARA IR BUSCANDO COMPRAS DESDE ESA ZONA CON UN STOP MARCADO COMO EN EL GRAFICO Y UN POSIBLE TP DE 1 5 SIEMPRE IR ASEGURANDO POSICIONES DESDE EL TP1 R RIESGO BENEFICIO 1 2 ASEGURAMOS BENEFICIO Y STOP LIBRE DE RIESGO.
It has already taken out 1st resistance on daily and then fallen down from 2nd breakout trendline. It is not trading at 1st trendline and as far as it is trading above 22.20. It will reverse up towards 22.90.
Entry at market
stop at 22.195
Target towards 25.75 and 27
Nice possible setup for USDMXN. We have here a nice Rising Wedge Pattern. Price broke out and dropped. Now Price is making a correction. I expect it to go up to the SupportResistance and Supply Zone Area. From there we will watch Price Action for a nice Entry with a great Risk Reward Ratio.
That was my Idea and I hope you liked it. Please leave a...
If you set the 5D chart with candlestick time at 5 minutes the rsi indicator and adx + SMA bands indicate bullish trend.
It may be the last pump that will make USD/MXN and then return to more stable and less volatile prices
The pair failed to break out from a major resistance line, sending the pair lower towards a key support line. The US is due to report its Non-Farm Payrolls (NFP) report today, August 07. The report for July is expected to drop following the two (2) consecutive increase in the change of number employed. Expectations were at 1,600K compared to the previous increase...
i broke down this analysis on my previous post. i will link it so you could see. all the swings that you could have capitalized to buck some pips. if you have some question please leave a comment. or suggestion. follow me for more updates on my analysis