Hey everyone first i want to wish everyone and their family a great easter weekend!
We are looking at the USDMXN pair a second time after we were anticipating a great short from the last idea. I will link it below.
We clearly see that the bearish trend line is broken and retested on the 1h timeframe. The red horizontal line is a key support level, where price did change before.
Divergence is also in play around this area.
We are looking for long in this area only and aiming for the last highs at least.
I will keep you guys updated and have a great trading week!
Comment
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Wow. Great move upwards! Price broke consolidation and makes new highs.
Trade active
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Stop is in profit!
Trade closed manually
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Closing this trade because price is in a huge ranging mode.