Trading Ideas
USD/MXN Plausible price action UPDATE
Mon, 19 Mar 2018 04:48:35 -0500
The pair formed a flag on the most important level for its breakout which additionally empowers the bull market.
USDMXN peso rising wedge
Mon, 19 Mar 2018 00:07:12 -0500
should break out from resistance if we gain momentum in this wedge. watch volume spike
USD/MXN 4hr Chart Looking for Long Around Lower Channel Support
Sat, 17 Mar 2018 23:29:26 -0500
Price action recently broke out of a mild wedge into a steep upside channel. I am expecting it to fall lightly into lower trendline support and consolidate for a while finding buyers. I will be looking to go long around 18.59434 if lower channel support holds and we get a nice 3 bar bullish candle formation. I will also be looking at the 2hr chart indicators for signs of divergence and oversold signals. Current momentum long term is sideways channel range bound and mid term momentum is bullish as it just bounced off said lower channel and broke thru wedge upper trendline resistance. Too high risk to long at current price and until action breaks lower channel momentum is bullish. If we get the bounce and target price in yellow i will be looking for a profit target of around 0.236 pullback @ levels in green
USC/MXN Obvious breakout
Thu, 15 Mar 2018 13:38:12 -0500
The pair is moving so rapidly, lately. There is an obvious and strong resistance now, support later level. In such situations, if the bull breakout fails, we will mess up with a very large bear movement. It is more likely to go bull, but bear market is not fully excluded. I would recommend to wait a little, until either a breakout or slump begins.
usdmxn Henrique
Mon, 12 Mar 2018 18:08:22 -0500
aiii henriquetomeee
Sun, 11 Mar 2018 17:53:29 -0500
BUY STOP 18.64869 STOP LOSS 18.5173 TAKE PROFIT 18.84235
Sat, 10 Mar 2018 23:07:04 -0600
strong bullish wave coming fo usdmxn
Bullish Shark Mexican Peso
Sat, 10 Mar 2018 20:20:00 -0600
As we get closer to Presidential elections we will be seeing panic sells, idea is to wait and buy at $17.8 SL $17.4 TP1 $19.75 tp2 $20.85
USDMXN Long-term BUY
Wed, 07 Mar 2018 05:15:32 -0600
Looks like elliot-wave is taking the lead on this one. We have completed what looks like a 4th-wave retracement, and now it looks like this pair may find some serious buyers longterm.
USDMXN - Short term Buy
Mon, 05 Mar 2018 23:05:28 -0600
Intraday Trade Entry - Now (~18.7934) SL 18.74 TP 18.8624 TP 18.9778 Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels
USDMXN Ascending channel
Sat, 03 Mar 2018 15:11:16 -0600
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 USD is finding resistance at 18.98 Pesos per USD line. If this resistance line is broken, then the USD will gain room against the Peso up to the 19.50 target. This post is for educational purposes only and therefore does not represent trading advice.
USD/MXN 4H Chart: New patterns get marked
Fri, 02 Mar 2018 09:08:35 -0600
Since the last time that the USD/MXN pair was reviewed a lot of developments have occurred. First of all the resistance of the previously active medium channel down pattern was broken. Secondly, a new medium term ascending pattern has been mapped. However, those are background patterns to take into account in an orders to enforce proper risk management. Main attention is focused on the newly formed ascending channel pattern, which represents the recent surge of the US Dollar against the rest of the currency markets. The channel can be used to set one’s orders.
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