USDMXN: A Swing Long Opportunity from the Bottom
-Introduction-
USDMXN has arrived at the support area of 19.600 ~ 19.800. This is a strong support level, as we can see many times the price has bounced up from this level. Observing closely in daily chart , we could see that before a bounce from the support area , almost all prices formed a kind of a bullish candlestick pattern. After the bounce, we could spot price moving in a range for about two to three months. Therefore, we will be looking for buy opportunities from the support level .
-Trading Plan-
From the support level, the price has formed several doji stars. We can also spot a bullish divergence in RSI. Therefore, we have entered our swing long entries.
Check out our previous USDMXN trading plan below :)
USDMXN has arrived at the support area of 19.600 ~ 19.800. This is a strong support level, as we can see many times the price has bounced up from this level. Observing closely in daily chart , we could see that before a bounce from the support area , almost all prices formed a kind of a bullish candlestick pattern. After the bounce, we could spot price moving in a range for about two to three months. Therefore, we will be looking for buy opportunities from the support level .
-Trading Plan-
From the support level, the price has formed several doji stars. We can also spot a bullish divergence in RSI. Therefore, we have entered our swing long entries.
Check out our previous USDMXN trading plan below :)
Transaction en cours
Buy Entry: 19.81151st target: 20.1800
2nd target: 20.4500
SL: 19.5200
1% risk
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.