USDMXN is my biggest win since March. In March I made more than 50,000pips (BUY). last week(SELL) the market hit my TP1 with a 200% return on my account and T2 is underway, as of now I'm up 18,000pips for TP2. checkout my previous analysis for a better understanding on my USDMXN positions.
I'm sure, the green candle we just saw, is a pump, on twitter the hashtag "dollar" became a trend in Mexico. + the publication of banxico on your twitter account this favored the price to increase.
let's see the green volume is as high as the previous candles. and the price fell again i'm sure this pattern will repeat itself.
At last we are one step away from...
Hello everyone, this week our scaling in trades did not work out. However no need to get discouraged because there is still plenty of money to be made.
From a Weekly perspective the market created a nice M formation and is near the Weekly resistance level from Jan 2017
Also we have beautiful confluence of the fibonacci 0.50 and 0.618 levels.
Our target is the...
It’s a clear bear set up that the USDMXN is heading to support level of (18.500).
As seen on the DAILY TF the price has broken the 20MA AND 50MA and has set the tone for a downward trend to lows of $18.
In My Opinion I am DEFINITELY going SHORT on this one. Since the price had broken an area of volume forming a medium term downtrend.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Strength of USD versus currencies of EU, Japan, China, India, Russia, Mexico, Brasil, Saudi Arabia, Turkey, South Korea.
There had been a cosmic demand for dollar but as COVID hit USA from April 6 we saw a breakdown.
Now we are at major support, on the monthly balance point, from which a push up is likely but not guaranteed.
The area between CAMS1 and CAMR1 is...
The weekly close well under 23.20, leaves USD/MXN to more losses or to a consolidation period at lower levels. Main support levels are seen at 22.45/50 and 22.00/21.95. On the upside, now the area around 23.20 is a critical resistance followed by 23.55.