We 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...
Pair: USDMXN Prediction: Long / Buy Target 1: 19,56000
So the short position a few weeks ago went beautifully, you can check on my profile. We arenow looking for reversal
I'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.
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
PRICE MOVE INTO SYMIRTICAL TRIANGLE
I see bullish divergence on macd historgram at 4hr chart for USD/MXN pair . Profit targets: 20,25 20,32(Strong resistance) 20,39 20,50 Stop loss: 20,06 Have a nice day
Looks like rally started. I think the direction will be up. Don't forget to do your risk analysis.
USD/MXN is signaling a buying opportunity for swing traders. USDMXN
USDMXN Swing opportunity. Price is currently flagging after break of structure with impulsive up move. Price flagged/retraced to the 61.8 fib level and is currently rising. Enter at lowest position possible. Potential TP1, 2, and 3 marked on chart
USD/MXN long idea. Price is contained within ascending channel. Possible teacup formation. On the daily time frame, the lip of the cup tested price area at 50% fib level. On the lower time frame, price has just tested 50% fib level. Price could possibly reach back to 19.7 area. Trade at your own risk. This trade is for demonstration and educational purposes only.
It could bounce from 19.27000. wait for conformation. Don't forget that only the USD is in play here.
Seguramente hay muchos traders técnicos largos USDMXN, a mi parecer el fundamental indica todo lo contrario y creo que esta volatilidad puede dar entradas interesantes. El acuerdo del NAFTA aunque es una negociación aún sin efectos legales hasta ser aprobada por el congreso, representa un gran avance para las relaciones de México-EUA y elimina el riesgo de un no...
TARGET-1: 20 (TAKE PROFIT AND WAIT FOR THE PRICE GOES ABOVE 20.60 TARGET-2: 22.50 STOP LOSS: 18.40 RISK PER PESO: 0.50 PROFIT PER TARGET- 1: 1.00 PROFIT PER TARGET- 2: 3.50
Anticipating a double bottom to form as the neckline hopefully will get broken, which will also be confirmed secondly by the break of the trendline. The market points are assumed entry, sl, and tp areas. USD pairs are bullish at the moment, Im quite confident about this one too.
In this video I discuss a potential buying opportunity from key support.
Currently the Mexican Peso (MXN) is in the middle of an ascending channel finding support at the previous resistance of 18.31 Pesos per USD. Additionally, the Peso is finding support at the at the .236 Fibonacci line from the previous 19.89 pesos/usd high. If the trend continues, the Peso will find itself between 18.8 - 19.5 range by April 8, 2018. However, the...