USDMXN on a critical supply zone
We ran out of selling momentum on this pair, so price rose to come gain momentum to push down, we can wait for the bounce on than near zone, n a retest on the supply zone (to form a double top) and then make your entry.
ALternatively if the zone can be broken, wait for price to come back for retest before selling
ALternatively if the zone can be broken, wait for price to come back for retest before selling
Trade closed: stop reached
Stop loss on this trade, there was not enough selling momentum to push downwards, price shot high to go retest a new supply zone in order to build momentum to fall
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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.