USDMXN broke out of the one month long consolidation, we now have a possible bullish reversal and we can try to catch this retest for a long trade in the kill zone as shown in the chart above. Target one is as shown in chart but there more upside if we break above that level as well
Nota
Now a nice bullish engulfing pin bar at the retest on 200 MA, MPP, DPP and 38,2 fib.
Nota
Double bottom on previous broken structure and looking to see if this TL will get broken.
Nota
So far so good, we reached ADR high now so it should correct some down.
Nota
The comment above had the wrong chart :D
Nota
USDMXN do a deep correction and as far as no break below previous low as shown in the chart it is still a valid idea.
Nota
For those who still in this trade, if we get a daily close below S1 of today that will invalid the longer term long, i hope you guys managed to get some pips out of the first two bounces
Nota
sorry the comment above had the wrong chart :)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.