Trading Ideas
Mobile (on the go) analysis
Fri, 22 Jan 2021 17:09:17 -0600
I was asked to put together and analysis for this pair. I am pleased to see some strong support and resistance in play creating positive trade sentiment. A rejection at current resistance at market open will sentiment towards a bottom support retest at 19.53400. A break through resistance at market open will continue to make attempts for breaks through 20.19600 and 20.66400. If this occurs a huge momentum towards 22.00000 will be in play. MACD/SIGNAL cross in play and heading for 0 line. RSI dropping out of overbought zone. Pay close attention to payouts at support and resistance mapped. Again this is on my mobile phone so my apologies for the charting. Please comment with thoughts and ideas. Thank you
You can short it with two TP
Fri, 22 Jan 2021 13:17:48 -0600
TP 1= 19600 TP 2= 19100 Stop lost= 20.286
Fri, 22 Jan 2021 11:50:50 -0600
usdmxn short term sell
Thu, 21 Jan 2021 12:49:58 -0600
dancing with the market as per usual :)
USDMXN potential bottom reloaded
Thu, 21 Jan 2021 08:02:35 -0600
So USDMXN is respecting both the 19.61 level and the purple downtrend line. A lot of touches on the trend line (red circles drawn) and rejections. We are looking for a break on this trendline as a first signal of reversal. Below 19.61 we have 19.03 and 18.55 but we don't think it goes there. Similar fractal from when it climbed from 18.55 to 26, we were following a descending triangle that actually broke to the bottom before reversing hard. The market does what the market wants to do.
Tue, 19 Jan 2021 20:16:51 -0600
Price is rejecting support so I am going long and targeting previous resistance.
200 pip long usdmxn
Tue, 19 Jan 2021 13:07:21 -0600
This is how I see MXN pesso in few days
Tue, 19 Jan 2021 12:18:52 -0600
pros: - support below - vert vert strong mxn pesso (to strong£) - USD is fetting stronger last times - bullish volumen cons: - against tthe trend this is not recomendation, just my point of view
Mon, 18 Jan 2021 21:17:17 -0600
Placing a buy position on USD/MXN Due to rises in COVID cases and new strains of COVID weighing in on Mexican PESO. The Mexican Peso remains vulnerable to a risk-off move, meaning the US Dollar will be picking up safe haven momentum. If this occurs, I would look for a break above 20.50 to start considering price reversal, with a close above the 21.00 line as a confirmation of short-term bullish bias. Risk/Reward Please send comment with feedback. #BLESSESPIPS
Mexican Peso gains against US dollar
Sun, 17 Jan 2021 13:41:21 -0600
Mexican peso lingering on 19.75-20.50 region, new political and monetary policies in USA that could lead to more gains for the PESO. Awaiting new president elect Joe Biden stimulus plan for us economy along with new vaccine administration policies for covid-19 more stimulus in us could send peso to the 19.00-18.50 in the upcoming weeks of January- February
Thu, 14 Jan 2021 18:37:08 -0600
USD MXN last wave length is first wave length or ,0.618 of first wave.
Thu, 14 Jan 2021 18:26:56 -0600
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