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USDMXN

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.
Short
by TradingSwirls
EURMXN Long term analysisHello Traders, kindly like this idea if you love it and leave your thoughts in the comment section Expecting the Euro/Mexican Peso pair to seek discount pricing (lower low) after it was met with bearish repricing at the 28.00 level. The OB on the Daily chart should be able to propel price lower attacking Sell-side liquidity and seeking discount prices at the Weekly Bullish breaker + BISI FOLLOW OUR IDEA UPDATES FOR MORE PRECISE ENTRY TRADES WITH ZERO DRAWDOWN OR I'LL ASK YOUR BROKER TO GIVE YOU A MARGIN CALL :-)
Short
by wallstreetcartel
2
USDMXN Long term analysisHello Traders, kindly like this idea if you love it and leave your thoughts in the comment section The United States Dollar/Mexican Peso pair could potentially see more downside price movement after a Shift in Market Structure and a Break in Market structure attacking sellside liquidity and potentially seeking internal range liquidity at the Monthly FVG. NB: Price is currently trading at the CE of a FVG on the monthly timeframe and we could see bullish prices (monitor price closely) FOLLOW OUR IDEA UPDATES FOR MORE PRECISE ENTRY TRADES WITH ZERO DRAWDOWN OR I'LL ASK YOUR BROKER TO GIVE YOU A MARGIN CALL :-)
Short
by wallstreetcartel
2
Look at the ADL, Can we let the Resistance Pop? USD/MXNLots of people seem to be resisting the USDMXN as it is gaining support levels, but I think with the current sentiment, the positive support will outweigh the resistance. Is this another decent reentry in my Forex quest? Yes! I think thus far USD/MXN have been easy to trade back and forth on the basis of charting patterns. That being said, once you have decent profit turnover, it is usually a dangerous point to be a bagholder in the Forex world. Please take everything I say as opinion based basis, as always. Do your own due diligence and proceed with caution at your own risk.
Long
by gamer456148
Pyramid scheme noos numero 131- Dan Lok, motivation success coach that preys on impressionable 20 yos, sued by real owner of "his" mansion 😏 *********************** Yikes. The self proclaimed "best selling author" and "world's #1 closing & influencer business strategist" that got into 6 figures debt and failed 13 business attempt in a row before "becoming a multi millionaire that now wants to help students find success", has been sued by the actual landlord of his mansion after failing to pay the - ahem - 35,000 monthly rent. The mentor migrated from Hong Kong to Canada early on, and soon his father would have to declare bankrupcy and would not be able to support him & his mother. And this is when he learn hard honest work. Or nothing at all and just followed dad footsteps. His 16 to 30 year old students are going to be so disappointed :( Maybe he can convince them to pay his rent? Now that would be hilarous. 2- BLM & Antifa gangs terrorizing the USA, al-Qaeda delighted, ISIS predictions make me look like a permabull 😳 *********************** I say this often, but imagine my surprise. An impressionable and not very bright security agent that was "peacefully protesting" (I cringe everytime I read or write this 😆) ran in the back of a man and kicked him in the back of the head, like the courageous & virteous hero he is. The man was made to sit by the "right side of history" BLM gang that ganged up on him after he defended a trans woman that they were assaulting. The media is silent obviously. Police said his condition was stable. Translation: he is on life support and might never wake up and if he does he'll be handicapped for life, but we don't want people to fight back and the situation to escalate. The mastermind attacker that was identified by 4chan said "wElL hE wUz raCisT sO wE hAd tO deFEnd OurSelVEs" (by hitting him from behind when he was sitting down and not hostile). A black man, another gullible 25 years old, probably brainwashed by the media and sneaky little politicians that whites are hunting down blacks and getting away with it, non ironically just EXECUTED a little 5 year old white boy. The creature defended itself with some gibberish along the lines of "well he was on my property duh he was very suspicious amaury live mattered". Some BLM supporters said they were happy about it. Even on non anonymous accounts. Nothing happened to them. And the media is silent as usual. Al-Qaeda is overjoyed with the US situation, is writting about it, and hope they can use the social issues in the USA to recruit ... you know it already, as usual gullible young (mostly) men 15 to 30. Here are all the ages of the 911 terrorists: 33 22 28 22 25 23 24 22 20 22 29 26 24 25 20 26 20 24 21. Something wrong with human brain development. For its part ISIS, that wants to establish a racially pure 4rth reich-caliphate where white women will be sex slaves "just like in the good old days" and blacks cotton pickers, is seriously pissing itself, no other way to put it. Good job big brain commies you are even making racists happy in Iraq. This is pretty much what the Islamic State is saying, from one of their editorial in my own words: "Just like the non-believer infidel dogs scoffled at the chinese virus and did not expect it to spread and did not prepare, they are now studying the US situation (god's punishment) and not preparing for it, because the US situation in that country will explode we have seen nothing yet and it will also spread to the entire world. Growth is gone, company bankrupcies are spreading, unemployement crime and poverty are spreading and there is not any hope this nightmare will end. Other countries are as weakened as the US by the way they handled the pandemic as well as years of economic social & political ills that have eaten them away (gee they got a point). And once the unfaithful countries will burn to the ground they will stay away from the region and the true muslims will finally be able to rid the arab world of the tyrans (and establish a New World Order 😉)." 3- Greece-Turkey migrant & border crisis: France sends warships. "Covid Hoax" Belarus: NATO troops at border 🚢 *********************** The mainstream media just whined that Greece sent 1,000 migrant away to the open sea. So they have migrant issues, border issues, plans were "discovered": Turkey war plans against Greece. There also have been some clashes, and recently Turkey has been exploring Oil in contested sea. France has taken the side of Greece, and sent a few ships & planes. The main subject is the border dispute but hordes of migrants are also part of it, and I think the root. A few months ago Turkey even threatened Europe they'd let millions in if they did not receive money. Migrant will forever keep coming to Europe as long as the GDP per capita will be higher and they will be benefits. What do you expect "come here we offer free money". West africa has 120 mouths to feed for 60 workers while Europe is something like 60 mouths to feed for 100 workers. So poor countries will stay poor and keep making 10 babies and will keep migrating... It never worked and comes with its issues so Europe and NA will collapse of itself anyway, and that will solve it. There is also an investigation after Greek troop are suspected to have shot some migrants. The kills happened after Turkey let migrants flood in Europe back in March when they threatened Europe for money as I said. It all started when Morocco and Lybia closed the gates a while ago, leaving Turkey as the only entry point to Europe (for those that don't want to end up as fish food). The UK is also pretty pissed at France that keeps throwing boats of migrants to them. Nice powder keg. The Soviet Union never had any migrant issues... Well they did by Emigrants, not Immigrants. 4- France "socialist" Jean-Pierre Chevènement: "Our society is falling apart and I am worried for the republic" 📉 *********************** A retired politician that served as french minister several times, for different functions, member of the socialist party (France left) gave an interview recently. He is rather satisfied of the comeback of sovereignty (socialist, not marxist, and by the way even George Soros is pro sovereignty oh well officially he is). JPC calls himself a republican. Sight, semantics. He says migrants should not be thrown away and be given a chance, but at the same time they have to integrate to the republic (not burn its flags and spit on policemen). Oh boy, the socialist from the 90s 2000s is a white supremacist! I remember seing him down the street back around 2000, every one was polite, he did not have plenty of guards. He'd probably get stabbed in the back today, how times have changed... The french socialist party has really gone to crap, I mean popularity wise. A decade ago the lame president wanted to force "the rich" to pay 75% income tax or more, and had a confiscation tax (socialist France already has a wealth tax but this was bonus), because he does not understand that currency is not the same as purchasing power. By the way the whole world already has a wealth tax around 3%, it is called inflation. Their results are not as bad as the UK labor camp, maybe they'll learn a lesson and not go full extreme. JPC says that tribalism is threatening the republic, and society is divided and more and more violent (no mention of media & migrants). The ACTUAL SOCIALIST (not megacorp globalist socialist) says that it is worrying and saddening that PATRIOTISM is disappearing in France, and that we can not have civility (an important french value) if there is no PATRIOTISM. Which is necessary for the country to regain its (tech & industry) independance. Note from me: some countries have come to rely a bit too much on foreign country for industry needs - industry is the real wealth creator - and only rely on services. Global trade is nice but full reliance is stupid and prices will be paid. He condemns the removal of statues and says France should not bow down to intimidation from "decolonial" and "racialised" gangs. There is more in the article but then it differs from the global subject and don't want to write a book. Lmao there is a good one "Those that sucked the SOS racism cow udder back then did not go far". Ye go figure. The communist party in France does not support these clowns (the "peaceful protestors"), not sure about the joke that is now the socialist party, the right and far right don't, not sure about the cattering center. Plus France already knows socialism well, and it has not been ponzi scheming students for decades, and it has not been abandonning people on the ground in front of hospitals, literally letting them die in agony because "sry can't afford it", the french are always striking and complaining but they don't have a reason to be that mad. I don't think the country will burn, but there are challenges. Might see Frexit in not too long. Maybe the end of the Euro... Germany gains so much from it, France loses so much. 5- Goldbugs euphoric that Warren Buffet sold banking stocks & bought some gold stocks: The Gates Are Open 💸 *********************** Berkshire bought gold stocks with some pocket change, a mere 500 million, and also sold alot of banking stocks. Goldbugs are very happy. One reason it allows the hedge fund sheeps to start buying gold & silver. If the price goes down they can always say "well Warren did it". Years ago Buffet & Munger had the biggest silver position in the world, 129 million ounces I heard. So if they started buying and this is a possibility... There could be some big buying. Gold is above $2000 once again, but I think we might still be in B. Will short if the price goes under B(min) and will buy if we go above A high. If you calculate gold inflation adjusted price compared to the start of the XXth century, it comes to $500/oz. Compared to GDP, MZM, M1/M2, the world money supply, world pop, etc you can get to pretty interesting numbers. World pop more than quadrupled in the last 100 years, so brought to the population ignoring the change in supply, that's $2000 gold here. Then add the gdp per capita immense growth, not Venezuela thought, they're at -80% already, probably even lower. Haha. Nice social programs. Ok the world gdp grew more than 25 fold, so that's at least $12,500 gold ounce. I don't think the supply grew much. There are clowns saying "bUt gOlD iN thE sEa" sad. Not even going to argue about the economics or logic of it. Just going to laugh and be sarcastic about it. Remember when for thousands of years there were big open mines in particular in west africa and the price did not fall? Remember ancient days when people could just look down and pick up gold nuggets and price did not just go to zero? Remember the US gold rush with rivers flowing with gold and people picking it up and the price remained strong? Remember when we just all completely gave up gold because it is all around us, which is never? 6- China full of permabears, conspiracy theories: fear of ending up behind a Financial Iron Curtain (like Iran) *********************** Remember the biggest USD bagholder in the world, China, that was in the denial stage recently but wisely reduced its risk by buying gold? They are between anxious and panicked now. There are not hiding it anymore. No more masks, no more lies. They bought into the biggest ponzi scheme in history. They worked hard for billions of hours and gave real things to fatmericans. And what did they get for it? Worthless magic bean money 😂 A "promise". A promise that "ye sure one day we'll provide you with goods for this". Their explosive growth has ended. They really thought communism was a big success. They have far higher inequality that EU(28) and even higher inequality than corporate infested america. They got very hopeful when they became less poor than African countries, and when growth accelerated (because of special economic zones) they got real euphoric. This was the top. They have been hit in the face with a big slowdown, and now have all the old problems (but not the wealth) of the west. Oh no so close. Their gdp per capita reached a whooping $10,000/capita and they actually thought they'd become a rich country. Funny. Now they are doubling down on communism, sending Uyghurs to concentration camps, destroying statues of Buddha (they must be racist statues). Oh boy. Only 2 things have fueled their growth: - NON COMMUNIST SPECIAL ECONOMIST ZONES WHERE LIBERAL FREE TRADE IS ALLOWED (and btw tax rates are at most 20% or less) - APPLE SWEAT SHOPS (etc) Trump stated on twitter I think, that he wanted to fight income inequality. Dum dums acted surprised like this is not what he has done. And basically this + everything else mean making the USA a net exporter again or at least not a ponzi schemer. Bringing jobs back to the US (Apple & Google etc are very mad they might not got their cheap slaves in suicide net surrounded factories). Well and so on. So China would not only lose its main source of income because that's all this garbage regime can do, but they would also lose their lifesavings if the USA decide to just exit scam :) Rip. Politicians and economists (the guys that are always wrong) have been publicly discussing their fears of the USA freezing their bags, and cucking them out of the dollar world order. Oh my USDCNH is sh***ing itself while I type, it is going below all my levels. Mentionned it in my "plan for the week" idea. Here it goes. It's already far for me to chase H1 I want a bigger pullback otherwise no go. It's going to zero.
by MrRenev
6
USDMXN on a discending channel 🦐USDMXN on the weekly chart has retraced till the 0.5 fib level before starting a new leg down inside a channel. On the daily chart the market has recently broke again the daily support and we can expect the price to reach the lower level around 21.500. If the price will give us a signal according with Plancton's strategy we can set a nice short order. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
3