Hello everyone USDMXN is in a critical point watch for breakout in both direction watch for key notes on chart for any question feel free to ask :)
Looking for a sharp rise in this pair. Over the 1.00 fib extension (Dark line on chart) pattern points towards the box. Should look at hedging if this pair is important for your businesses....
USDMXN on the daily chart hit the monthly support (purple one) and started a strong bullish impulse. The market hit the upper trendline which is also at the level of a weekly resistance and retraced a bit. IF the price will manage to break and close above that level we can set a nice long order according to PLancton's strategy. ––––– Follow the Shrimp 🦐 Here is...
USDMXN Horizontal Support and Resistance Level
We managed to see a crucial retest from 61.8 fib level for USDMXN. A good exotic pair to enter a BUY trade as we see it heading towards the resistance level @23.2200. As we starting seeing USD gaining strength, I believe price level could break 23.2200 resistance and head towards 1.618 fib level where we starts to see strong resistance pressure which we could...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
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
Looking at the volatility i believe this is going to be a spike down or up soon. i provided a few pivot points. with the red lines. if it dips. buy the dip. tell me what you think. feedback is welcome
Buy the dip. 2 scenarios : Black or Red labeled.
USDMXN : ALL THE ENTRIES SHOULD BE APPLIED IF ALL THE RULES ARE APPLIED
USDMXN beautifully touched monthly support and rejected with a daily bullish engulfing. I initiated buy on the next daily candle. Daily also shows bullish divergence on obv and we have been in an uptrend since 1999. Great long term setup looking for new highs on monthly. Lets see what happens considering everything going on in the world. Leave a like and lmk what...
Based on 5 year analysis it seems like the cadmxn trade is a great long term investment they have been in a very consistent upward trend since 2006. i added the pivot points in order to see what is currently going on. it is struggling to fall under the red pivot point. i believe this will be a buy since it seems like its going to bounce off that pivot point into...
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.
Hi traders! USDMXN keeps moving lower, now making a sharp drop through the base channel support line so we see market in wave three of an impulsive wave five that can be underway towards 20.5000.