BLACKBULL:USDMXN Time Frame H1 - Looking for price to head hunt for SSL (Sell Side Liquidity) before moving up - SSL zone also lines up with our buy zone 17.03826-16.95941 Outlook 👁️🗨️ - Equal highs at 17.4189 - If you wanted a safer exit i'd recommend 17.3000
For a long time, I maintained a scenario for the Mexican Peso that envisioned a bounce down all the way down to the mid-16s a view that seemed less than likely a few years ago with the Dollar hitting an all-time high at nearly 26 pesos per unit. Sadly I didn't hold strong enough conviction on the move happening to see it all way through, throwing the towel just in...
The touching of the bearish guideline may trigger a sharp move to take the price to 16.30 points.
SL- 17.09143 TP- 17.37522 Good morning and happy Monday! Today we are looking at the 2HR Timeframe. Price made a higher high and pulled back to the 0.886 FIB so that means price is still respecting the previous low. I am now expecting price to continue it's way up. What do you guys think? A thumbs up and a comment would be very appreciated. Thank you and stay...
USDMXN going to hit the flip area of monthly TF. now we have sell opportunity we can sell in LTF below then the TL
On the daily timeframe, the price of USDMXN is displaying a descending channel pattern. This pattern consists of a series of lower highs and lower lows, forming a channel with a downward slope. Currently, the price is within the descending channel pattern and approaching the support level. Given the characteristics of a descending channel pattern, there is a...
The USDMXN has Bearishly Broken Below a Demand Line and backtested it as resiatnce as well as losing the support of the 89 Month EMA; we will now be attempting to crack the BAMM Trigger Line at the level of B and if we break that a Minimum 786-886 retrace would be very likely
Im still have a short position on USD-JPY ...the support target still in play
1. Usd/Mxn has found support on the day chart. 2. Usd/Mxn has retested that support on the day chart. 3. Usd/Mxn has a double bottom reversal pattern on the day chart. 4. Usd/Mxn has a buy signal on the hour 1 time frame. 5. It is safe to buy and hold usd/mxn
USDMXN...DT (BIG PICTURE) SLO3 @ 18.70 (at Supply Zone) SLO2 @ 18.45 (at Mid-Pivot) SLO1 @ 17.66 (at Minor Resistance) TP1 @ 16.85 TP2 @ 15.50 TP3 @ 14.33 BLO1 @ 13.70 (aggressive) BLO2 @ 12.25 (conservative)
Usd/Mxn is at a Extreme Level of support. Usd/Mxn has bounced from this level of support on the 15 min time frame. The Idea is to buy this trade and put my stop loss under the daily candle. Im using risk management and I will have 3 trades with 3 take profit areas. It will fun for weeks... Please Like and Subscribe
On Wednesday, the US dollar decreased in value against other major currencies, including the Mexican peso, by over 1%, due to reports of slower than expected US inflation. This suggests that the Federal Reserve may pause its interest rate hikes. According to data from the US Labor Department, inflation in April decreased to 4.9%, which is the lowest year-over-year...
After all the belligerence and fake-outs this pair has created a arc or arch pattern I call it. Where a clear stop loss is created above the loop. Yes right above the loopie loop. ****************************************** Theme for this ticker wicker notre dame de paris (cocciante) piano
usdmxn is on the way to more falling in the deep of the market , please traders be respective and do not think to buy this market just sell it without any thinking I wish all good for you
Looking at usdmxn here i'm seeing a rejection formed with a Bearish OB on the Daily time frame. with Consolidating in a Triangle formation where price has finally broke and closed below this structure.formation At the same time we are breaking A major support area where we can see price continue to drop to the downside!! This is for information and demo...
On Monday, the euro rose 0.5% against the dollar to1.1045, hitting a 10-day high o1.1050.Since hitting a 14-month high of1.10755 earlier this month, the euro has returned to above1.10 for the first time.It can be observed that it is difficult for the dollar to consolidate last week's gains in the near future, because the upcoming data may show a slowdown in US...
Due to improved market sentiment and the weakening of the US dollar, GBP/USD rebounded to 1.2500.The 1.2350 support level is the key to continuing to be bullish, and it is still possible to hit a new high so far this year; hawkish remarks around the Bank of England may continue to support the pound. Given that the theme of this week is the overall market...