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thenotoriousfx
Jun 16, 2020 5:12 AM

usdmxn m30 - btmm  Long

U.S. Dollar/Mexican PesoFXCM

Description

I'll update this trade idea regularly =)

- Price broke out of the double bottom on the M30 timeframe.
- That resistance now becomes a level of support.
- Additional accending trendline to support the long

Trade active

Trade is still valid for a long regardless of it breaking out the trendline.

Trade active

Trade has been consolidating on the trendline which is amazing.
this indicates from a technical perspective that the market is busy collecting orders, ready to shoot to the upside.
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