richard7_

Long USDMXN

Long
richard7_ Updated   
FX:USDMXN   U.S. Dollar / Mexican Peso
The last strong impulse for the upside now correct the .618 fibonacci level and approach to a supply zone arround 21.10 ~ 21.20 price. I expect a couple of weeks in bounce with TP1 22 TP 23 and eventually if the price action will good a finall TP3 at 25. Will see. Trade safe
Trade active:
Open position arround 21.28 at close on friday. If the pair fall to 21.1 I will open another new position
Comment:
adding to my possition at 21.1
Comment:
The pair finished the correction at 1.618 fibonnacci level with confluence of the .618 retracemet for the last impulse up. Now I expect a big rebound to our targets.

Comment:
Strong reaction, taking first profits
Comment:
First target hit!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.