I have entered a short position in the USDMXN forex market as the price has touched a significant supply zone. This trade decision is based on a meticulous analysis of market conditions, where I have identified key indicators and patterns that indicate a potential downward movement. By strategically executing this trade, I aim to capitalize on this favorable...
Due to technical and fundamental reasons. I really like this pair to head southSIDE
This Week FORECAST Opportunity for USDMXN. This setup trading idea is for intraday. >> TAYOR * This zone still valid. Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
Due to technical and fundamental reasons. I see this pair rising
Due to technical and fundamental reasons I see dollar getting stronger against the peso. Adddtionally all that the central banks are doing fully supports my trade idea as the best possible option
I have initiated a short position on the USDMXN currency pair based on the price touching a supply zone. After conducting a thorough analysis of the market, I have identified a significant supply zone where sellers have shown strong interest in the USDMXN pair. This zone suggests a potential reversal in price direction and presents a favorable opportunity for a...
Hello traders, this is my first fx technical analisys that i would like to share
Due to technical anf fundamental reasons I am shorting this to HELL!!!!!
"I have recently taken a short position in USD/MXN due to the emergence of a bearish harmonic pattern. After conducting a thorough analysis of the market, I have identified the formation of a bearish harmonic pattern, which suggests a potential downward movement in the price of USD/MXN. This trading decision is based on the expectation that the price of USD/MXN...
SCENARIO 1) Strong immediate Resistance at $17.07 currently on USDMXN, although a push to retest $17.10 would be fair. Key point is a Leg down $16.98 is in my sights. SCENARIO 2) IPC Mexico INDEX for Mexican stocks takes a breather after reach ATH’s near 57,700. Indicators point to OVER-BOUGHT conditions plus a gap fill needs attention at 55,200. That would...
Good morning trader, today I share with you this short entry I made on the USDMXN pair as I found a good setup as shown in the main image above. Based on my experience, I have codified a series of signals and triggers that I have incorporated into a single indicator which, as you can see from the image, shows me a clear and quick overview of the market, making...
After Dovish FED and Strong México económico. For 2024 the Pesos will reach 16 and 15 pesos. I expect just consolidation for next days. I arrived from Europe, actually in the CDMX and now is hard to have a strong peso. Before going to La Paz, I will be in Querétaro and change some Euros as I expect a pull back up so before the price fall. From 18 to 22 you can...
The US Federal Reserve (Fed) is set to announce its decision on Wednesday, followed by the Bank of Mexico (Banxico) on Thursday. Forecasts suggest that both central banks will maintain their current interest rates. Recent indications from Banxico suggest a leaning towards a more accommodative monetary policy. However, Deputy Governor Irene Espinosa has expressed...
Just a simple trade idea to diversify with a small long lot amongst other pairs. Worst case... it drops to the ascending support and then just add another small long lot. Best to trade this idea with other pairs and close out all positions as a basket. Trade Safe