Miguelparb
Long

USDMXN waiting for a buy setup

FX:USDMXN   U.S. Dollar / Mexican Peso
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USDMXN it's been really sensitive to political rumors of USA presidential election, this take the currency to almost 20 MXN last week, price is currently in a correction, looks like it's going to resume the long movement, $19.14 zone look like a strong support, let's see how it behaves.
apparently this is the time for buy
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Miguelparb eduardo_mbravo
apparently, as you say, but let's wait for price action to confirm the buy, because this pair it's affected by many rumors and sometimes it behaves erraticaly.
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eduardo_mbravo Miguelparb
I AGREE, WHAT WOULD YOUR CONFIRMATION?
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Miguelparb eduardo_mbravo
A total rejection of the 18.90 Support Zone (blue line) and wait for candlesticks to form a pattern, maybe we can see a morning star. If the support is broken the trade it's invalidated and we can look for new entry points.
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