U.S. Dollar / Mexican Peso USDMXN

I think this would be an ideal entry point for a long position i.e. we are through with the lower time frame pullback. The trade has high likelihood of panning out I think.

estamos esperando el cambio de tendencia en relacion con el nivel 61 del fibonacci, revisamos en una hora o 30min para confirmar el movimiento

According to USDMXN, a five-wave wedge in wave a or 2 was obtained. I expect the correction to be complete.

On the daily timeframe, price has completed a 3-wave structure (ABC), hitting the ratio expectation between 20.39 - 20.97 area as well. On the lower timeframe, we are seeing a diagonal structure forming with a divergence in RSI too. These give us a good reason to be looking for a potential reversal trade on the USD/MXN, targeting 17.81 as the first ...

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USDMXN has made a bullish engulfing pattern at an 78.6% retracement level on the weekly timeframe. The DXY has also broke a major LH point and resistance level. Looking for long term buy positions this whole week

Price is at no man land. Should price goes to either the support or resistance, one could look for PA to trade. The support should hold well as it is an overlap trench. Support : 18.8 Resistance : 19.2 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not ...

Trade Alert It seems that it could be the time for US dollar to pick up against the Mexican Peso. Certainly, that's how it looks from the technical side. A strong move and a close above the 18.5100 level interest the bulls to join in and drive the pair higher. The next potential area of resistance to keep an eye on is the 18.762 zone, marked by the high of the ...

Mexican peso is finally have its drop after its rise of over 2,000 pips. if you look at the circle white cross ( aka the doji) it is breaking out of consolidation that is an indication that price is dropping hard. I will take profit at 18.56178 how ever I do strong believe Mexican peso will touch 17.99028 area long term .and then drop for 1,000-1,200 more ...

USDMXN perhaps lowering.

USDMXN LONG

BUENA SUERTE GOOD LUCK

Entering long here - will buy more if we see a further downside action $$$ Targeting higher highs within weeks - eyes at 22 MXN $$$

1. Daily False break 2. Tripple top on H1 3. Bearish flag on H1 4. Buildup just above the support on H1 ( before the sell down crossing the 50 EMA )

USDMXN I'm waiting for confirmation of the upward movement.

Trade Alert As you can see, the short-term downside resistance line, taken from the peak of the 15th of June, has been broken, so theoretically, we could see a bit of retracement back up. But, before we start examining the upside, we need to see a clear break and a close above the 18.762 level, in order to get comfortable with higher areas. This is where we could ...

USDMXN has made a higher low right after hitting that weekly swing level. Now it looks like price is breaking out to the upside. You can buy the breakout or wait for a new higher low. Either way; keep a tight SL because we are still in the London session and this pair will get traction during the US session. Trade safely!

2618 trade SL: 18.74 TP: 18.53