A possible bullish AB =CD pattern may be forming in the Mexican peso - US dollar pair. My hypothesis is that it will return to at least 20 pesos per dollar and then rebound. The most that could fall would be around 19.6 pesos per dollar. The potential reversal zone (D) coincides precisely with the 127.2% of the fibo and with a level that served as support in...
Expecting a push to the upside since the dollar is gaining strength.
This is what I see what I see from the daily perspective, a small flag formation signaling a potential impulsive move to the downside. I anticipate a long term downwards movement and preferably enter at current market price. Let me know what you think.
USDMXN broke downtrendline Price is based above key level at 20.5560 Price is based on HVN at level 20.6670 which indicates that pair is in accumulation phase MACD shows weakness in bearish momentum It's expected to target resistance level at 20.9320
USDMXN idea. Price has been maintaining a steady uptrend breaking previous zones.
USDMXN ; TECHNICAL FORECAST:BULLISH We can see a simple head and shoulder pattern forming on USDMXN pair which we can see price bounce off that support level of (20.5297) zone with a target around (21.6299) psychological Resistance zone If you find this helpful and want more FREE Updates on TradingView . . . . . Please show your support back, . . . . . . . . Hit...
USD getting a more bullish. Here is a possible setup for USDMXN I'm currently looking at.
Perfect Trade Opportunity With This Pair::: Fibs For TP 2 & 3... Yellow Line TP 1 ---- SL On Chart:: Start Your Week Right
This pair is now approaching daily and weekly support and resistance level. A short trade from this level would a very high probability trade.
rejection appeared and now sellers have taken control. I am short until the support area
Potential buy setup. USD/MXN is a high volatile pair so manage risks!
Wait for a pull back to horizontal support resistance level and dynamic support resistance level for an entry.
We have a momentum trade for bullish tendance, our entrance is at H4 inside a D1 zone