USDMXN trade ideas
USD~MXN POSSIBLE MOVESThe dollar showing great increases, price impulsively short to the upside we missed first entry positions but we can wait for price to print out some kind of continuation pattern like a flag or falling wadge this will be a beautiful long opportunity to be in, so lets give the market time to print out exactly what we looking for in order to profit from this pair.
USDMXN is favouring the upsideUSDMXN reached a strong support level around the round level 19.80000 giving us a divergence with the RSI and shot up almost immediately. Our target was the next resistance zone around the round number 20.10000, but after reaching the round number 20.00000, it gave us a pullback to the round number 19.00000 and now continued in it's previous direction, we should be targeting the round number of 20.10000 if the round number 20.00000 can be broken significantly FX:USDMXN
USDMXN Short Swing Trade Set UpUSDMXN has broken the trendline on the weekly and monthly chart. Currently price is retesting the break. Looking for price action to show rejection to the downside in the sell zone for entries.
💰TRADE OPPORTUNITY💰
PAIR:USDNXN📉 SELL
Entry Zone: Near 20.24000
Stop Loss: CLOSED 4HR candle Above 20.50000
Take Profit Zone: TP 1: 19.80, Swing target 19.00000
(Risk %: 1-3%)
Risk/Reward:1:1.7, Swing 1:5
*Our services include products that are traded on margin and carry a risk of losses. The trades may not be suitable for all investors. Please ensure that you fully understand the risks involved. Trade at your own risk*
✅USD_MXN GROWTH AHEAD|LONG🚀
✅USD_MXN is about to retest a key structure level
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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