Tom_Killick

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

FX:USDMXN   U.S. Dollar/Mexican Peso
27 0 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.
To join my signals group, or receive training from a former city trader: T.killick182@gmail.com

Youtube: https://www.youtube.com/channel/UCrKe1mbrc5cAj1BuuQNoyrA
Instagram: https://www.instagram.com/tomprotrader/?hl=en
United Kingdom
United States
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out