OANDA:USDMXN -----> Details on the chart. Pipdify Tamilkumar
OANDA:USDMXN 19.24 - Buy 19.09 - sell Simple as that. Pipdified.
OANDA:USDMXN Intereested in long term swing trade.Here it is.... Details on chart.With Head and shoulder confirmation and Unable to retest. If it breaks the neckline chart will be invalid.Wait till tuesday and enter. Pipdified.
USD/MXN has been giving us some serious pips since November! We captured over 1,400 on the latest sell-off, followed by 400 plus pips recently on a short-lived buy. If you refer to my linked idea below related to the reversal after the drop, you will see in my updates how the 200 MA provided resistance, to which I immediately closed my buy position. This area also...
So the short position a few weeks ago went beautifully, you can check on my profile. We arenow looking for reversal
THE MXN IS BEING UNDER PRESSURE DUE TO THE STRENGTHENING OF THE USD AND THE UNCERTAINTY ABOUT THE POLICIES OF THE NEW PRESIDENT AMLO. CLEARLY WE CAN SEE THE DAILY STRUCTURE OF THIS PAIR WHICH IS TESTING THE UPPER TRENDLINE AND GIVING US A POSSIBLE SCENARIO FOR GOING SHORT AROUND THE RESISTANCE ZONE BETWEEN 20.86 & 20.96 WITH STOP LOSE UP TO 21. LETS SEE HOW IT DEVELOPS!!!
Looks like rally started. I think the direction will be up. Don't forget to do your risk analysis.
Waiting for down retracement before moving up
I have previously talked about pairs at extraordinary levels, such as EURDKK. Currently the talk on the street is USD/MXN. It is fascinating how much the dollar has fallen the past months. I publish this to remind everyone that keeping an eye on this one, might be wise. It's either going to fall like a brick or, as I assume, rise again majestically.