We just tested the daily breaker and liq void got filled where USDMXN is now rejecting from. You could short it here but i prefer some more confirmation so i would like the 4h orderblock to be broken wich will then become a breaker and i will short the retest off that breaker into the equal lows. Those lows are just to juicy not to be taken as many people their...
Good Evening Traders, #ForexFargo checking in! Today our analysis is on USDMXN. Please bare with me as I have never looked at this pair and this is my first analysis. The overall trend is Bullish indicating strong momentum. Price has rallied from Monthly Support Level @ 19.0000 to our Market Structure Level @ 19.35000. 350 Pips! Weekly Resistance Level is set...
USD Short bias - quant score = -3 (-10 shift) MXN Long Bias - quant score = +39 (+22 shift) TA - Short momentum, low breaks
OKAY GUYS ..i was expecting tripple top.....so the price broke..went up..it might touch that upper trendline so TO TRADE THIS SETUP////....DO THE FOLLOWING 1..WAIT FOR PRICE TO GET REJECTED FROM THE UPPER TRENDLINE 2.I GAVE U TP
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
USD/MXN. The rate increase by The Bank of Mexico last week was great for this pair, and the peso regained strength. If the DXY continues to fall we can hope to see this move. You won’t want to miss this one. 1400 plus pips possible over the entire swing trade. Trade at your own risk and be sure to use proper risk management.
Let's see how these Waves are playing out. Please like if you think this idea is worth it :)
Price broke key level and retested as resistance. Going short. TP1: -27 fib level TP2: -61.80 level
USDMXN, has multiple resistance levels that has only been tested two times. If the upper resistance line continues to hold, I would expect the bulls to sell off and the bears to step up. -StampsFX
on the daily chart triangle, hitted the suppor trend line, now waiting for 5m break.
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!!!
Bank increase of rates would cause the peso to strengthen against the dollar. Price is also flirting around a key level for this pair. Possible head and shoulders. For educational and demonstration purposes only.
Short USDMXN @ 20.07; TP @ 19.67, SL your choice