USDMXN trade ideas
USDMXD daily gartley harmonics Am expecting price to reverse from there as it has already completed the D leg
USDMXN LONGhello Guys.
After the 3 Wave correction of the Internal wave structure. I expect price to move up to test the E Leg Territory Around 20.26 Area.
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USDMXNUSDMXN is inside a Wedge pattern on a Daily. but i Expect it to complete the AB=CD pattern on the H1.
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USDMXN pusible raly after an rising wedgeHello friends, today I am loaded haha, I have been analyzing this pair for a couple of days and it is being fulfilled as the theory says I had an analysis here before the price breaks but the platform hid it from me again, now although it is true I I already have a trade but the bullish raly is just beginning.
Well, we have an accumulation that takes months, so I think there is a possibility that the price will touch my take profit.
I think everything is explained in the graph, but if not, tell me in the comments.
And you know, If my way of seeing the graph has served you, give it a like or follow me if you want to see the short-term monitoring process or possible medium operations.
USDMXN LONG?This is just my idea, I will be looking into placing an order.
Let me know what you think?
USDMXN bottom of rangeInvestors are back from holiday, labor day is over, there is today some jewish holiday I do not know the impact but anyway the stock market will be open today, maybe a bit slower than it should because of that holiday. We'll see what happens, but unless something insane goes on I see no reason for this currency pair to suddenly go crazy. It has been in a boring range for a few months and by now it has repeated the same price action a bunch of times.
I don't do this often, I put a couple of indicators on the chart, mostly because of the pretty colors. They do not say anything special, simply there is:
- The MACD (and EMAS) crossing. Over and over. The MACD cross is quicker to visualize than the price bottoming before going up, which never looks the same
- The "Max Gain" (and ROC to an extent) showing in a quick single look the expected upside, without having to measure 1 by 1 every previous upswing
We can look for 1 to 1.5%, which is the 2 day ATR. This is very small, and because of spreads risk will be at least 10% bigger and reward smaller by a few percent. Risk to reward gets crushed. It should be at least of 3 (2.7 left after spreads). And be careful not entering late in the evening as spreads widen massively.
I don't like this very much because of the small nature of it, so it should be easy to let it come to us. Really wouldn't care missing out. It could go straight up 2, 3% or more which would make it more interesting.
Not only do spreads decimate the payout assuming this is actually good, but you won't make any kind of decent money, the only way would be to use serious gear and that's really a bad idea.
I see no reason for the odds not to be 50/50, or at least 1/3, and since it is possible to get a reward greater than twice the risk, plus it's september and I think it can go well past expectations.
Really doesn't get me excited, it's just so small and expensive and mediocre. You guys like this kind of stuff?
@usdmxn a good hedge?seems that in the past usdmxn was a good buy during the market retracements
I am accumulating slowly some positions
This is ready for a nice longWatch the chart well and learn as well. We can see most of the immature buyers have been taken off. this pair will surely go up with a nice R:R
USDMXN: Major Support Potential Breakthrough.Major support unbroken since July is at risk. Potential sharp retracement to February 2020 low.
USD/MXN Long 2H TP 200 MAA buy at 19.91. There it is, enjoy. Yup yessir. Good old 2 to 1 risk reward ratio.
usdmxnsmall scenario of taking buys using smart concept still at cooking stage looking forward on what gonna play out
USDMXNPossible play to downside to sweep liquidity and play into fvg. I believe a nice swing long will break this retail trend line after these weeks of consolidation.
USDMXN LongThe peso has returned to a key level between the $19.20 & $19.80 price point. Previously this level has held as a point of support and looks to continue doing so.
We will target previous highs for our take profit level. We will be looking for price to rise to the 20.1775 which once held as a key resistance level. If we are able to break this area we will look for price to climb back to last month's high around $20.3225~$20.4000.
USDMXN - weekly and H4 analysisA large weekly triangle
H4: a several months of a sideways move, ready to break down, IMO
USDMXN 07-09-2021Weekly:
-Inverse H&S.
-Bullish M pattern.
Daily:
-M formation.
-Bullish M pattern.
4H:
-Bullish M pattern.
-IC.
SellOur analysis shows a sell potential. Sell after 2 bounces, H1 should be bearish.
Sell when you see rejection that are long wicks
USDMXN Possible Long OpportunitiesUSDMXN completed a deep reversal completing a bullish bat pattern on the 4 hour timeframe. Not only that, but reacted very nicely to an area of daily demand. Long opportunities could be possibly taken from this area as long as price holds above the demand area and starts shifting structure to the bullish side. Possible profit targets are marked in the chart.
