krugman25
Long

USDMXN - A potential blind buy from support opportunity

FX:USDMXN   U.S. Dollar / Mexican Peso
In this video I discuss a potential buying opportunity from key support.
Comment: The support range is from 20 to 19.50. I wpuld wait until 19.8 to 19.7 to start nibbling at this one.
Comment: Price has pushed a bit lower but has not quite reached my target. I will either wait for that target to be reached or if a price action signal is thrown at the 19.9 area I may jump in higher than expected. In eitger case I continue to wait. Price has dipped into the low 19.80's and some may have chosen to go long at that point. I think that is fine but myself am waiting for a bit deeper retracement.
Comment: I am not in this trade yet as I did not get the depth of retracement that I was aiming for. Regardless, this pair is starting to put in a bottom right around the 20.00 area. This may be a good opportunity to be waiting for price action signals on any more retracements into this 19.90-20.0 range to get long.

Comments

@krugman25 I think we found support at 19.80..ready for new run? I would like to know your updated idea.
+2 Reply
krugman25 aristotelis.tso
@aristotelis.tso, i am just not feeling the price action quote yet. If you wanted to get in right now I wouldnt disagree with that but just for my personal style it needs to show me a little bit more.
Reply
krugman25 krugman25
@krugman25, quite yet*
Reply
@krugman25, I will not join yet..I agree at all with your opinion :)

Nice work mate..not only for this pair.Thanks a lot.Keep going!
+1 Reply
Support close. Why
Reply
krugman25 AmiraSofia
@AmiraSofia, I'm sorry but I have no idea what you are trying to say. Glad to respond but be more clear.
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Before the elections on Mexico I believe it will start moving up. Nice buy we have.thanks for the idea.
+1 Reply
krugman25 aristotelis.tso
@aristotelis.tso, Thank you for the comment
Reply
What is the range of the support?
I can't appreciate the numbers
+1 Reply
krugman25 jose.perez.lara.mx
@jose.perez.lara.mx, thanks for the reminder on this. The support range is from 20.00 - 19.50. To make the risk/reward attractice enough I would wait until 19.8 or 19.7 to start nibbling at it.
Reply
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