Selling only after the retest of the HMA **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management**
USDMXN opportunity for long. This setup trading idea is for intraday. >> TAYOR I'm just giving an idea, it's up to you to follow.
All my indicators point to a very bullish USDMXN, i will be investing in this over the long term. Price should reach around the 18.8 mark.
Presently we are in a profit taking season against the dollar that has sponsored a bearish outlook. We have a change of character and break of structure that informs our bearish outlook targeting the unmitigated demand at 16.76 price handle. We are anticipating activation of our sell li it orders at 18 price handle.
I've initiated a short trade on this exotic pair, aiming for a target range of 17.45 to 17.50. The market dynamics seem favorable for a bearish move in this trade, and I'll be closely monitoring the price action for potential opportunities. If you're curious about how this trade develops, stick around for regular updates. Remember, trade wisely and manage your risk!
Fuhhhh USDMXN follow our setup. Congrats guy ur hold until 1st TP. put BE to next target 2nd TP. >> TAYOR I'm just giving an idea, it's up to you to follow.
The Trend is up... We have a pullback... We have a double bottom on the day chart... If you buy Usd/Mxn you are buying in a uptrend... But there is one thing!! This is a exotic pair and you need to use extreme risk management because it can shoot up and down in gigantic waves... So please trade this one at your own risk.. Good Luck
11 Months: First close below sma with Pin ball Buys 3days: Made 1-2 Pin ball Buys Intraday divergence and expecting test of previous Low and continuation during US session Look for Entry Pattern on Small Time frame: 15minutes already showing Divergence, Further 5 Minutes should Follow suit with range and then divergence, currently on strong...
FX:USDMXN SMA50 crossing SMA200 as in early october. Drop expected to 17.82.
Hi traders We can see an on-boing classic distribution on MXNUSD daily chart. RSI is in a downtrend which shows that there's less and less strength in the market. When it comes to the price action, lower highs and lower lows suggests that we are about to get a mark-down and it may happen pretty soon. 3 targets (take profit levels) for shorts are shown on the...
USDMXN has converted the 1D MA200 to support and is rising steadily inside a Channel Up. The 1D technical outlook is neutral (RSI = 54.479, MACD = 0.196, ADX = 35.456) so once the current pullback towards the 1D MA50 and the bottom of the Channel Up, is completed, we will buy again and target a new +5.93% rise (TP = 18.8000). A 1D candle close under the 1D MA50,...
The USDMXN 18.5000 level has capped the rally in recent weeks. And you can see the strong descending trend line capping the market. Even the rally this week has tried to keep a "lower high" but we think this is just a byproduct of the descending trend line. A break of the 18.5000 level would target 18.8700, but 20.2100 would be more likely. While above the 200dma...
Looks like we want to break the trend line. 1 hr candle looks like it wants to close on the other side. Could be a good scalp down. If it plays out and you missed it, there is always a retest where the candles closed below. You should have a 2nd opportunity there too. Good luck out there. Hopefully in the next half hour, we should know if were staying up or down....
Last week USDMXN traded between 17.85 and 18.46. Given Banxico's decision to maintain its benchmark policy rate at a record high of 11.25% at its September 2023 meeting, as widely expected, and FED's expectation to hike rates if the economy remains hot... Short term, (weekly) my bias is for dollar weakness. I am looking for dollar strength around the 105.917 DXY...
See the cart and comments about the currency pair. It could see some resistance here and trade back in between the wedge for some time still. Eventually, it will break out of this wedge and establish the trading zone.
2 ideas for this chart. If we close on the top side of the diagonal yellow line is a possible buy. If we don’t close we can take a sell. There will be a shake out so make sure you have stop loss active.
USDMXN price for SHORT opportunity. This setup just for intraday only. >> TAYOR I'm just giving an idea, it's up to you to follow.
The price of the dollar has fallen significantly until the beginning of August, showing a decline with considerable bullish strength. - We hope that the price of the dollar reaches at least 19.5000. - We have to wait at least for the price to fall since it has taken a target this week, we expect the price to fall back to the 17,000 -17,300 area