“UP, UP, UP, UP, DOWN, BUY!.” – WAYNE MCDONELL.
THIS PAIR IS TRENDING UP ON THE DAILY CHART, PRICE HAS PRINTED A HIGHER HIGH AND IS CURRENTLY PRINTING A HIGHER LOW. DOLLAR BULLS A PROBABLY LOOKING TO GO LONG SEENG THAT PRICE IS AT ROLE REVERSAL SUPPORT IDENTIFIED BY THE GREEN BAR. SO MAYBE TAKE PRICE UP TO MM4 RESISTANCE UNTIL MONTH END.

USDMXN DAILY

MARKET IS BULLISH, 21 IS ABOVE THE 55. SUPPORT IDENTIFIED AT MM2 BULLISH PIVOT. A BUY HERE WOULD TAKE PRICE TO MM4 BY THE END OF THE MONTH. LETS SEE WHAT HAPPENS.

USDMXN H4

PRICE OPENED AT WM2 WHICH COINCIDES WITH MM2 SUPPORT. A POSSIBLE SWING TRADE TO WM4 FOR THE WEEK FOR DOLLAR BULLS. STOCHASTICS IS OVERSOLD. MARKET IS BEARISH, 55 IS ABOVE THE 21.

USDMXN DAILY POST PLAN

I WENT LONG AT MM2 ROLE REVERSAL. TECHNICALLY IT WAS SET UP FOR DOLLAR STRENGTH. UNFORTUNATELY THE DOLLAR IS CURRENTLY WEAK. THE TRADE PLAN COLLAPSED AND I LOST A LITTLE CASH.

USDMXN H4 POST TRADE PLAN

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