Selling now, stop loss above the rectangle, and a buy transaction, which is attached to the top of the rectangle
See picture for analysis. let me know your thoughts...
The USDMXN pair has been one of the most consistent buys in the forex market historically. In the last 6 years in particular there is a very clear Higher Lows trend-line that Supports the price and initiates major rallies when it is touched. The last contact with it was on May 30 and as expected, that caused a strong rebound. So far however it is contained within...
Hello traders, how are you? Since last week I have been looking for a buying opportunity for the USDMXN pair, the price approached a very strong support, a support that has not been broken since the eighth of December 2020. There is also a divergence on the 4h frame for CMF, VWMACD and MOM , this gives a strong indication of the price reversal from the current...
If the s/r breaks u know what to do... waiting for confirmation
USDMXN seems to be moving within a downward channel for the last 6 months. Banxico's more proactive monetary policy (rate hikes) than most central banks, particularly in developed markets, have supported the Peso during this period with a few bouts of risk off, like the one of the last few days, that have pushed the cross close to the upper limit of the channel...
As a top-15 oil-producing country, Mexico is tied to its natural resources. The peso shows a tight correlation with other commodity-based currencies, including the Brazilian real (BRL) and the Colombian peso (COP). This interdependence increases the importance of energy fluctuations as well as of data that move crude oil and natural gas futures markets. If the...
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...
Hello traders. New video is here, talking about EURUSD, SP500, VIX, GOLD, CRUDE and USDMXN Ahead Of FOMC. No positions here. Want to see the market reaction.
we take this position at the time of breakdown at the zone of $ 20.20, and there we go, my espectation is that price arrive to the 19.80, if the price broke the 200 moving average ( subjective indicator) that many see like a major support, will see.
The price will possibly go up and visit the QML zone before dropping to 19.64233. That is because the current 19.8 price has completed the 19.8544 zone for the high of 20.6. 20.0 to 20.2 range is a resistance zone then, and possibly, the price will fall towards 19.64 to 19.494. For a setup like this, we'll call it neutral with bearish interests. High Risk
Sht Going thru the roof according to precious cycles and patterns. I would play long for at least 6 months
See Picture For Analysis. The strategy used for this is supply and demand.
This is just my Analysis so please be responsible for your own trades. I am still a newbie, still in the learning process, and still not profitable Yet. I am not an expert or a financial adviser. I just started Forex last February 2022. I am posting this for my Portfolio and Trading Journal Purposes so that I can review my past trades with my Progress anytime....
Very good price action I actually was looking for longs and a swing position to get in with northside and we got in he’s up some racks . Textbook plays. Get in where you fit in
USD/Mex If we can get a B.O.S here and retest then i will go for a long!