Last week, I took long position in UDMXN at 16.66000 & Closed at 16.92500
Closed that position in more that $5000 profit in just 2-3 days.
My long setup is formed again in USDMXN
Taking long positions here at CMP 16.67000
My SL would be 16.62000
Target I'm expecting is 17.00000
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing...
Why the Mexican Peso Surged Against the USD?
On Wednesday, the US dollar decreased in value against other major currencies, including the Mexican peso, by over 1%, due to reports of slower than expected US inflation. This suggests that the Federal Reserve may pause its interest rate hikes. According to data from the US Labor Department, inflation in April...
Hello Traders,
Hope you all are doing good!!
I expect USDMXN to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can...
Setup Contains:
1. Stop Hunt (Sell Side Liquidity)
2. Break of Structure
3. Return to Orderblock (Expecting)
We need to have LTF Confirmation before even entering the trade. Our projected area would be the liquidity & IMBALANCE above where the Selling POI also resides.
FOLLOW PAFX & TRADE LIKE BANKS 💸
Hello Traders,
Hope you all are doing good!!
I expect USDMXN to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve...
Hello Traders,
Hope you all are doing good!!
I expect USDCAD to go down from here.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime,...
Hello guys i had find this setup in 4h timeframe which is made accumulation zone and broken we have a good buying buying opportunity from here with sl below zone and tg at neareast resistance also plzz do your own analysis before taking any trading decision if you like my analysis plzz like share and follow thank you
Midterm forecast:
While the price is above the support 19.5970 , beginning of uptrend is expected.
If the support at 19.5970 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 48.
❤️...
A bearish cypher seems to be emerging on the FX_IDC:USDMXN 4 hour chart.
A limit Sell order can be placed at 21.7887
Target: 21.4403
Stop: 22.0654
A 1:1.26 Risk Reward Ratio
There seems to be a potential bullish Bat Pattern forming on the FX_IDC:USDMXN 15 mins chart.
Entry for long: 20.9231
Take Profit: 21.0872
Stop Loss: 20.8402
A good risk reward ratio of 1:2
