USD/MXN Buy Hi All ,
I'm Adding to my buy position on this pair .
After the H&S move , we can see prices have formed a bullish momentum & friday close was a bullish candle , I expect more move this week . SL to Entry as always.
Many Thanks.
USDMXN
Fundies Show Weakness, Technicals Show OversoldTo be brief, Mexican growth is slowing with prospects for the G20 economy to slow further. Technicals oscillators shown below indicate a buy as well. This buy is a bit crowded however, so I wouldn't be surprised if the contrarian sell comes in strong. But I lean long.
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USDMXN Bullish pressure to continueAfter a pullback the potential continuation of a bullish cycle developing with the hidden divergence confirmed the next levels are 19.60 and 19.80
USDMXN: Long term Buy opportunity.The dominant long term pattern on USDMXN is a Triangle on 1M (total neutrality with RSI = 52.546, ADX = 27.968, Highs/Lows = 0.0000). 1D is on a Higher Lows sequence, which this 1M Triangle has show that it leads to a bullish break out. We are long with TP = 20.25000.
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USDMXN Buy signalPattern: 1W Triangle.
Signal: Bullish based on a similar fractal sequence of the Higher Low line.
Target: 20.3500 (Triangle's Lower High at -1.42%).
USD MXN SELL (US DOLLAR - MEXICAN PESO)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
USD/MXN LongPrice broke our trendline made a little retest if we look at lower timeframes so im seeing price reaching our next level around 19.45
USD MXN longMMHVW from looking at the Macd this pair looking bullish at this level. Normal check the 4hr, 1d and 1week Macd for correlation between tf’s before entering the trade.
USDMXN ShortBearish Pennant Pattern spotted on USDMXN. Signaling the continuation of decent for the Pair
USDMXN breaks SHS neckline, 2000+ pips targetThe support around 19.20 failed to stop the downward pressure in USDMXN, with the pair breaking below the neckline of an SHS pattern.
The pattern suggests a target at around 18.94, but I would prefer to follow a more conservative approach and aim at 19.00 instead, which also aligns with a rising trendline support.
USDMXN - Trend Reversal & CypherUSDMXN trend is changing. Looking for a long entry at the cypher entry point
USDMXN - Trend Reversal & Cypher PatternUSDMXN trend is changing direction. looking for a long entry at the cypher entry point.
USD/MXNCould we see price continue up on as detected on daily or could price reverse and make its way down.
We are at a good level right now, i have a kumo breakout and a reliable chikou span confirmation that this will go up on the daily.
We are on the hourly right now and we can see price at a 0.236 retracement level so price could bounce up on continue down (watch for retest on the inside if this is the case).
Furthermore on the daily we can see a buy at a good level as it is off the support trend line (up trend)
USDMXN As you can see i have a kumo breakout at a good area of support from the up trend, we have seen on the daily a price rejection and a red candle start to show but that price has reached a .283 retracement so we could see price bounce off that and then make its way up or retest on the inside on the S/R trend line and make its ay down
USD/MXN Short Idea - Death Cross Ahead and 700+ pips?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 happened to be a key zone in the market as highlighted. Price respected this area of resistance this week, right at the 200 MA touch on the daily time frame.
What I see now is a possible death cross. We see a kiss and possible cross of two key moving averages, the 50 MA cross over the 200 MA to the downside. This could mean a death cross for this pair = more selloff, to the tune of another 700 pips! We also see the trend line,which as highlighted, price has respected. If this pair continues to sell off we could see price hit the next lowest key zone (highlighted), which also would serve as an area of confluence at the next key zone in the market. Based on the last bull run attempt it just doesn't appear that the bears are too ready to retreat and give way to the bulls. We see a little indecision accordingly so far, looking at the latest daily candle, and the bearish retreat on the lower time frame.
Please view my linked ideas below along with my commentary in each idea along the way. Please also like and offer your comments. It's a good idea to pay close attention to my updates as I observe price action. I'm a student always and love to study the markets.
As always trade at your own risk. This idea is for demonstration and educational purposes only. Always use proper risk management.
USDMXN Possible bullish reversal USDMXN broke out of the one month long consolidation, we now have a possible bullish reversal and we can try to catch this retest for a long trade in the kill zone as shown in the chart above. Target one is as shown in chart but there more upside if we break above that level as well
USD/MXN LONG IDEA - WATCHING FOR REVERSAL AFTER 1400+PIP DROPWe just caught 1400 plus pips on the sell of this pair (note linked related idea below). I have been waiting patiently for indication of reversal. We just received impulsive bullish movement; note also how price respects trendline and has confluence with 61.8% fib level. TP levels 1 and two are placed at 50% and 61.8% fib extension. Yellow zone is a key demand zone historically. Trade at your own risk and always use proper risk management.
USDMXN BULLISH WAVE COMING USDMXN BULLISH WAVE COMING UP FOLLOWING AN UPTREND CHANNEL ON A D1 TOMEFRAME
USDMXNRespecting the Weekly Trend Line. If You Look at it on the Daily/2h Times, you can see price is doing a correction which is a good sign of price reversal. To be on the safe side, enter for a buy after the breakout. I am more than confident that its going to go Bullish soon!
