USDMXN - Short with tight Stop !We have a clear impulsive wave down, and are currently in wave 4 which is playing out as a Triangle.
We can short this because we have a very tight defined Stop which is above wave E of the triangle.
USDMXN
Elliott wave Analysis: Triangle on USDMXN Points LowerHi everybody,
USDMXN made a nice drop in impulsive fashion, down from 20.657 level which can be a five-wave development in the making. We can see waves 1,2 and extended wave 3 completed at the lows, so current sideways activity can be a temporary pause within the downtrend. We see this pause as a triangle correction within wave 4, which can now be trading in final stages. Once this correction finds resistance, that is when final wave 5 as part of the trend may start to develop, and take price below the 18.90 area.
USD MXN BUY (US DOLLAR - MEXICAN PESO)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit bottom of the pattern and watch strong price action for buy.
USDMXN Short scalpBeautiful short scalp opportunity with levels lining up nicely. Monthly level plus important daily node.
USD/MXN - Long/Short scenarios.Key level is 19.0675! Breaks straight above, possible flag pattern, looking long position after break 19.2500, second scenarios is what my option is more likely is descending triangle forming. Break below 18.8765 take a short position. Keep on eye Awesome oscillator, if break zero line or fail and bounce below again.
USD/MXN - Long/Short scenrios.Kind of double bottom forming. First key level 19.0675! Break above looking long position, after breaks 19.250. Second scenrio what my option is more likely is descending triangle patter forming. After breaks below 18.8745 we are short position. Keep on eye awesome osc. if its fail break above zero line or not.
USDMXN H4Inverse head on shoulder reversal pattern happening here as price has broke its downtrend structure after making its 3rd bounce off the major weekly ascending trend line.
USDMXN LONGSo the short position a few weeks ago went beautifully, you can check on my profile. We arenow looking for reversal
USDMXN Bullish pressure taking placeAfter a triple descending cycle down to 19.80 support levels, the bullish pressure its getting in to the game for a potential corrective up to 20 levels.
BUY USDMXNUSDMXN IS EXTREMELY OVERSOLD, IF IT GOES DOWN IT WON'T DROP TOO LOW, THIS PAIR IS GOING UP..
L@@K out for USD/MXN Reversal! - See My Related Idea AttachedI've been in this trade since mid-November (see trade idea below that's linked). I've snagged close to 1,000 pips on the sell. It appears that price is attempting to reverse. Price is flirting at a key level in the market 50% fib level and breaching a descending wedge. Looking for price to pull back at least 50% before continuing back down. Trade at your own risk.
USD/MXN Short Idea - Possible 1400 PipsUSD/MXN. The rate increase by The Bank of Mexico last week was great for this pair, and the peso regained strength. If the DXY continues to fall we can hope to see this move. You won’t want to miss this one. 1400 plus pips possible over the entire swing trade. Trade at your own risk and be sure to use proper risk management.
Going Short around Wave 2Let's see how these Waves are playing out.
Please like if you think this idea is worth it :)
USD/MXN is bullish on 4h chart!!!Due to stochastic and wave trend analysis, i see this pair bullish right now.
Profit Targets:
20,08
20,16
20,25
Stoploss:
19,8
Have a nice day ,
Berk
USD weakening against MXNIf todays USD news gives us negative data than it will go down further.
So, Please wait for the news confirmation and than active your trade.
Share your comment, feedback, thoughts in my comment box....It will help me to update my analysis.
Note: Don't trade if news gives negative data.
USDMXN shortPrice broke key level and retested as resistance. Going short.
TP1: -27 fib level
TP2: -61.80 level
USD/MXN possible shorting opportunities plain and simple chart art, looks like price has reached the top of a strong weekly trend line and showing signs that bears are slowly taking over. Possibly going to reach low prices of 19.30 - 19.16 area
