USDMXN Long On 3rd Trend Line Bounce
Hey traders I'll be looking to go LONG on the USDM
XN coming into next week.
You can see we have a 3rd touch to my ascending trend line with some price rejection (Look for retest of trend line)
Price has found support at my weekly key level at 18.5000 if price continues to hold at this level wold warrant a stronger buy
finally Fibonacci levels .707 lines up with the weekly key level of 18.5000
Confirmed entry on the break and close of the counter descending trend line for the conservative trader wait for the retest of broken counter trend line.
XN coming into next week.
You can see we have a 3rd touch to my ascending trend line with some price rejection (Look for retest of trend line)
Price has found support at my weekly key level at 18.5000 if price continues to hold at this level wold warrant a stronger buy
finally Fibonacci levels .707 lines up with the weekly key level of 18.5000
Confirmed entry on the break and close of the counter descending trend line for the conservative trader wait for the retest of broken counter trend line.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.