We can easily see that USDMXN pair is under Elliot's correction waves so, no need extra analysis on this chart to know the possible behavior for this pair
Hello , I think it's a best chance to buy USDMXN good luck
-Introduction- USDMXN has arrived at the support area of 19.600 ~ 19.800. This is a strong support level, as we can see many times the price has bounced up from this level. Observing closely in daily chart , we could see that before a bounce from the support area , almost all prices formed a kind of a bullish candlestick pattern. After the bounce, we could spot...
A harmonic pattern seems to be forming in the USDMXN pair, it could be a bullish Gartley, so the reversal could be close. The pair is currently trading below the 50-period moving average on a daily basis without having a very marked slope. I see the strongest support at 19.74 which has not been broken since June of last year and previously served as support 2...
-Introduction- USDMXN is currently approaching the support area of 19.600 ~ 19.700. This is a strong support level, as we can see many times the price has bounced up from this level. Observing closely in daily chart, we can see that before a bounce from the support area, almost all prices formed a kind of a bullish candlestick pattern. After the bounce, we could...
The USDMXN pair has been trading within a Channel Up since late 2020. The Fibonacci Channel levels help at understanding bettern the Resistance and Support levels involved on each Higher High and Higher Low leg. Right now the price action seems to be about to complete the (3) and final leg of the correction similar to that of August 2021. That was the Accumulation...
USDMXN is trading in bearish parallel channel. Price has bounced from the suppport of the channel making higher highs and higher lows. one can attempt for long position as breakabove will give excellent returns
The price range of this pair was located at a minimum of the session at 20.2739 mxn and a maximum at 20.4402 mxn, from the structural point of view in the session of May 10 it formed a consolidation range, where the price is closer to the resistance zone if it is broken it could act as support for the next session, and the dollar against the Mexican peso rose...
✅On 4H timeframe i am expecting USDMXN to be bearish ✅As per my setup and strategy I am expecting price to fall lower to Tracey 19.80200 before reaching their retracement is possible ✅For more accurate entry, look at 30M or 1H chart for better entry. ✅Plan risk management according to your requirements Note :This is my personal opinion, do not take it as...
On 4H timeframe i am expecting USDMXN to be bearish As per my setup and strategy Scenario 1:We were expecting a retracement towards Fibo 0.382-0.618 zone before it falls into 1.618 level Scenario 2 :Directly falls toward fibo 1.618 level The setup might fail if any external event effects the price .As long as rules were followed this setup will be...
Expecting a slight pullback to 20.33000 which will act as a stop-hunt low. after that, price might continue being bullish. First TP will be on 20.85000 .
✅USD_MXN went up sharply But a strong resistance level was hit Thus I am expecting a pullback And a move down towards the target SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
USDMXN has broken the trendline on the weekly and monthly chart. Currently price is retesting the break. Looking for price action to show rejection to the downside in the sell zone for entries. 💰TRADE OPPORTUNITY💰 PAIR:USDNXN📉 SELL Entry Zone: Near 20.24000 Stop Loss: CLOSED 4HR candle Above 20.50000 Take Profit Zone: TP 1: 19.80, Swing target 19.00000 (Risk %:...
USDMXN just bounced from the weekly support and making a double bottom on RSI on Daily time frame. it should hit around the mention TP of 20.4 area. KEEP SL below the line Keep watching ..! Follow for more ..! Give a thumbs up if you like it.
-See chart for Analysis -Price inside support/demand area, look for buys with confirmation (1hr)
this week we have had more stops than normal, but when looking for ratios with higher profit per trade we can be calm, in this case the Mexican peso reached a liquidity zone where it could rebound strongly, if it breaks the channel it would have even better confirmation, but I go to buy directly
Seen on USDMXN D1 chart looks bullish pinbar, there is a possibility that a bullish trend if today's market closes there is a bullish candle after the pinbar candlestick. Then we see from COT reports, MXN currency : non-commercial started adding short positions, while long positions decreased a lot. the impact is the change in MXN sentiment becomes weaker.
One of the most attractive currencies this week can also be MXN after strong CPI figures back on March 08, so there can be a hawkish policy decision on March 24 from Bank of Mexico. We see some important evidence for a resumption lower.