USDMXN trade ideas
USDMXN: SELLBased on our Fibonacci drawn from high to low on this daily time frame, we can clearly see that price has stopped at an entry zone for bears. Another confluence for this entry zone is the horizontal line drawn at the 61.8 level of the Fib, and as you can see price has touched this area a few times now. If you take this idea, make sure to set your stop losses based off of your risk management plan, and expect for take profit levels to be around 19.0706 and 18.7472 .
USDMXN pusible raly after an rising wedgeHello friends, today I am loaded haha, I have been analyzing this pair for a couple of days and it is being fulfilled as the theory says I had an analysis here before the price breaks but the platform hid it from me again, now although it is true I I already have a trade but the bullish raly is just beginning.
Well, we have an accumulation that takes months, so I think there is a possibility that the price will touch my take profit.
I think everything is explained in the graph, but if not, tell me in the comments.
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