taikomin

11,200pips shorting opportunity on the USDMXN + SHS

Short
FX:USDMXN   USD/MXN
I'm seeing interesting setups everyday, one of it is on the USDMXN.
On the big picture Weekly , there is supply and there's demand. My action plan is to look for shorting opportunities once price test Weekly supply, probably set 3 target profits on the way down.

Moreover, those who practice price pattern trading, I think that's a Shoulder-Head-Shoulder formation.

Coincidence? No, it's confluence. Core fundamental of price movement is supply & demand. I'm just using a methodology of price action to trade the market.

If you are applying Supply & Demand methodology in your trading plan, or mere interest,
Be sure to follow me on Tradingview and share your views.

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