USDMXN broke out of the one month long consolidation, we now have a possible bullish reversal and we can try to catch this retest for a long trade in the kill zone as shown in the chart above. Target one is as shown in chart but there more upside if we break above that level as well
welcome to another free signal!
Important: Remember the currentrelationship between USA and China!
Fundamentally a risky trade! ;-)
Target 1: 19,39917
Target 2: 19,48759
Point of Risk-Reduction:...
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...
OANDA:USDMXN Intereested in long term swing trade.Here it is....
Details on chart.With Head and shoulder confirmation and Unable to retest.
If it breaks the neckline chart will be invalid.Wait till tuesday and enter.
1- breakout was made
2- retest was made
3- price respecting our trendline
So i believe there is much more upside movement possible.
I will hold my take profit areas as the green lines, but i believe we will go up more.
BUt i will be watching price once on this areas to monitor my trade.
If you missed the buy opportunity of USDMXN at the bottom of the wick that touched the trendline, well dry your tears for you can short at the channel retest with a good return of 1400 pips if it gets to our TP of 1.90000 psychological handle. Watch PA closely, if the bullish momentum is strong enough to incise the channel, this trade will be invalidated as...
USDMXN looks to have a few good opportunities to break small trends and stretch up-ward. If it fails to do so then I believe it will hit a lower low and changing short-term trends
This is not financial advice, or lettuce.