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Miguelparb
Oct 3, 2016 10:17 PM

USDMXN waiting for a buy setup Long

U.S. Dollar/Mexican PesoFXCM

Description

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.
Comments
eduardo_mbravo
apparently this is the time for buy
Miguelparb
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.
eduardo_mbravo
I AGREE, WHAT WOULD YOUR CONFIRMATION?
Miguelparb
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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