Welcome to my analysis of USDMXN .
Given that the DXY is showing no signs of strengthening, I expect USDMXN to continue its downward move. Entry on the .786 level of the Swing High to Swing Low. Also corresponds with the 50% 15m liquidity candle (24/07 17:30)
I am looking for price to take out the previous lows and will take profit around the 22.000 level.
-Connor-
Given that the DXY is showing no signs of strengthening, I expect USDMXN to continue its downward move. Entry on the .786 level of the Swing High to Swing Low. Also corresponds with the 50% 15m liquidity candle (24/07 17:30)
I am looking for price to take out the previous lows and will take profit around the 22.000 level.
-Connor-
Trade active
Wicked in perfectly.At this stage I tighten my stop loss and will hold the trade till Friday.
Note
If you took this trade and opened more than 1 position, set 1 TP to 22, and let the other positions run.Next target is 21.929, then 21.900
Trade closed: target reached
Target reached in under 20 hours.Keep an eye out for more analysis!
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.
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.