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krugman25

USDMXN - A potential blind buy from support opportunity

Long
U.S. Dollar / Mexican Peso (FX:USDMXN)  
krugman25 Updated   
FX:USDMXN   U.S. Dollar / Mexican Peso
Trend Analysis Support and Resistance Supply and Demand USD mxn USDMXN usdmxnlong Forex ｆｘ peso
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trendanalysis supportandresistance supplyanddemand usd mxn usdmxn usdmxnlong forex ｆｘ peso
In this video I discuss a potential buying opportunity from key support.
Comment:
The support range is from 20 to 19.50. I wpuld wait until 19.8 to 19.7 to start nibbling at this one.
Comment:
Price has pushed a bit lower but has not quite reached my target. I will either wait for that target to be reached or if a price action signal is thrown at the 19.9 area I may jump in higher than expected. In eitger case I continue to wait. Price has dipped into the low 19.80's and some may have chosen to go long at that point. I think that is fine but myself am waiting for a bit deeper retracement.
Comment:
I am not in this trade yet as I did not get the depth of retracement that I was aiming for. Regardless, this pair is starting to put in a bottom right around the 20.00 area. This may be a good opportunity to be waiting for price action signals on any more retracements into this 19.90-20.0 range to get long.
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