Good entry point at $19.70 - bounce from EMA (200 weekly) Historically (past 6 years) price has bounced at EMA (200 weekly), Stochastics is at very low
Hopefully this time can do it again
Usdmxnidea
USDMXN NEXT POSSIBLE MOVEAll the entries should be applied if all the rules of trade are applied
comment us for detail view and understanding
USDMXN SHORTMy analysis is a simple levels and trend. As the price is going down it has respected every level so far and it should continue down doing so.
UsdMxn- a new rise to 22 zone is very probableThe 21 zone is strong support for UsdMxn and also the drop from 21.80 is contained in a falling wedge pattern
I strongly believe that 21 will hold and a break above the descending trend-line of the wedge would accelerate losses for Mexican Peso.
A buy trade for this pair could have a 1:3 R:R
USD/MXN going Arriba!Hello traders
US dollar is getting stronger against "peso mexicano" after the 7 month decline the started April 6 2020. On September 22 2020 price broke above "7 month bearish trendline" indicating buyers are under control.
This in my Wave count
USDMXN: Big Bullish Movement... Good Buy Opportunity!!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 potentially see a fall from there retesting 23.2200 and heading for the next resistance at close to 25.0000 price level. As of now, I will trade the BULLISH opportunity but do watch out for possible rejection at 24.0000 price level.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
USDMXN NEXT TRADE SETUP(SHORT).As you seen my last week trade setup and our last call on this pair and USDZAR as well, the market almost hit the expected target around 21.5000 area.On the weekly chart market look on a bearish momentum with a possible break of the recent lows in the near future But i should retrace back towards up to maintain its structure(support and resistance) .Price on the daily chart will probably test the daily structure before starting a bounce over it.If the price will break below the structure we will monitor the market for a nice short order.We will consider a long reversal only over the 22.0000 area.
All the entries should be applied if all the rules are applied .
Do comment us below for instance.
USDMXN NEXT TRADE SETUPAll the entries should be taken if all the rules of entries are applied .
Follow it for learning.
do comment us we will guide you
USDMXN Buy SetupDISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
USDMXN UPCOMING SHORT - WYCKOFF BREAKDOWNI love exotics, mainly because they pay...lol
See how this study can help your trading in the coming week.
Yellen,
One Move One Kill
USD MXN LONG POSITION
POSICION SWING
POSICION EN LARGO EN USD MXN ROMPIO TENDENCIA BAJISTA RETESTEO EN LA LINEA DE TENDENCA TANTO EN 61 DEL FIB PARA IR BUSCANDO COMPRAS DESDE ESA ZONA CON UN STOP MARCADO COMO EN EL GRAFICO Y UN POSIBLE TP DE 1 5 SIEMPRE IR ASEGURANDO POSICIONES DESDE EL TP1 R RIESGO BENEFICIO 1 2 ASEGURAMOS BENEFICIO Y STOP LIBRE DE RIESGO.
Swing Setup on USDMXNIt has already taken out 1st resistance on daily and then fallen down from 2nd breakout trendline. It is not trading at 1st trendline and as far as it is trading above 22.20. It will reverse up towards 22.90.
Entry at market
stop at 22.195
Target towards 25.75 and 27
USDMXN [4H] Wait untill to hit on resistance ✅✅USDMXN Wait untill up to resistance
USDMXN wait to hit on resistance and sell it follow trend ✅
if break No trade ‼‼
Resistance # 22.26 - 22.31 +-
Support # 21.87 +-
Goodluck🙏🙏🙏
