Trading Ideas
11,200pips shorting opportunity on the USDMXN + SHS
Wed, 21 Feb 2018 23:55:26 -0600
I'm seeing interesting setups everyday, one of it is on the USDMXN. On the big picture Weekly , there is supply and there's demand. My action plan is to look for shorting opportunities once price test Weekly supply, probably set 3 target profits on the way down. Moreover, those who practice price pattern trading, I think that's a Shoulder-Head-Shoulder formation. Coincidence£ No, it's confluence. Core fundamental of price movement is supply & demand. I'm just using a methodology of price action to trade the market. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure to follow me on Tradingview and share your views.
USDMXN Bearish Correction, Potential Reversal around 18.60
Wed, 21 Feb 2018 08:35:03 -0600
Mexico gains a steady recovery after an overnight bullish rally. The price seems to be consolidating between the range of 18.70-50. I expect the price will trend lower but high volatility could see the price reverse at the bullish channel support and test the recent high's above 18.73
USD/MXN 1H Chart: Pair expected to surge
Tue, 20 Feb 2018 07:26:34 -0600
USD/MXN has been confined in a nine-month ascending channel. The pair tested its bottom boundary early in February and has since demonstrated a slight up-trend. Moreover, the US Dollar is likewise trading in a medium-term channel valid since mid-December. In line with this pattern, the pair should push below the senior channel and approach 18.00. However, it seems that the latter has taken the upper hand, thus suggesting that the current upward movement might continue within the following sessions, as well. In order to confirm this scenario, the Greenback has to breach the junior channel in the 18.70 area. A possible upside target is 18.95 where the 38.20% Fibo retracement and the weekly R2 are located. In the short term, however, the rate is likely to enter a minor period of decline down to the 55– and 100-hour SMAs in order to gain some momentum before the aforementioned climb.
Possibly forming a Bullish Bat Pattern
Sat, 17 Feb 2018 18:39:51 -0600
Short for now
USDMXN Has Potential to Rally
Wed, 14 Feb 2018 07:14:00 -0600
Underpriced risk of a win or fear of a win from Mexican presidential candidate, Andrés Manuel López Obrador. USDMXN tends to strengthen during Mexican presidential elections, too, for the same reasons. Simple technical analysis suggest USDMXN has about 14% upside in near term. There are several ways to play this.
Sell OTE
Sun, 11 Feb 2018 22:07:59 -0600
im waiting the sell OTE
Waiting for down retracement before moving up
Thu, 08 Feb 2018 23:17:42 -0600
Waiting for down retracement before moving up
Thu, 08 Feb 2018 16:08:40 -0600
long opportunity
needs confirmation
Thu, 08 Feb 2018 06:24:41 -0600
hi all waiting for breakout and targets will be the supports and resistance as shown
don't know this pari that well, small mover looks like
Wed, 07 Feb 2018 23:15:20 -0600
don't know this pari that well, small mover looks like... testing how it will do
USDMXN to detail
Wed, 07 Feb 2018 20:06:01 -0600
An idea a little more detailed than the previous one, the peso maintains a strong relationship with usdollar so I can foresee a similar future. This map shows a fairly clear trend, however this is a presidential year and the Left party looks quite strong, a Left that has not been very friendly with plans and laws related to crude oil and privatizations in general. Will this affect the exchange rate£ The peso will begin to lose ground before the elections£ I do not know and I do not want to guess, I prefer to have a good map and decide according to how it develops. Best wishes to all!
Wed, 07 Feb 2018 14:51:15 -0600
I just entered, don't usually this time of the day but its got that look of reversal to retrace the 5 wave it did down, then double bottomed. Click the link for outlook.
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