TomProTrader

#USDMXN-Update: Price At Major Support, Further Downside?

FX:USDMXN   Dollar A.S. / Peso Meksiko
4
Traders,

UPDATE: Pair has moved well since last posted (See related ideas)

Bearish engulfing signal at sideways support gives the necessary momentum to break the sideways support level into the lows. Expecting the move to continue, and a sideways support retest could eventually be tested as resistance, before a further breakdown to the lows. More downside to be seen for rest of week, possibly into next week. Price is rolling over, perhaps lows will be seen.

I hope you have a tested trading strategy to trade this move as it goes.
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.