Welcome to my analysis of USDMXN .
Given that the DXY is showing no signs of strengthening, I expect USDMXN to continue its downward move. Entry on the .786 level of the Swing High to Swing Low. Also corresponds with the 50% 15m liquidity candle (24/07 17:30)
I am looking for price to take out the previous lows and will take profit around the 22.000 level.
-Connor-
Given that the DXY is showing no signs of strengthening, I expect USDMXN to continue its downward move. Entry on the .786 level of the Swing High to Swing Low. Also corresponds with the 50% 15m liquidity candle (24/07 17:30)
I am looking for price to take out the previous lows and will take profit around the 22.000 level.
-Connor-
Trade active:
Wicked in perfectly.
At this stage I tighten my stop loss and will hold the trade till Friday.
At this stage I tighten my stop loss and will hold the trade till Friday.
Trade closed: target reached:
Target reached in under 20 hours.
Keep an eye out for more analysis!
Keep an eye out for more analysis!
Next target is 21.929, then 21.900