USD/MXN continues to show a constructive bullish setup.
On the daily chart, the market is building a potential triple bottom around the 17.14 area. On the 4-hour chart, price action is also showing a series of higher reactions from the same support zone.
The key level to watch is 17.60. A clean break above that area could open the door for a move toward 18.03.
I still like the setup for medium-term long positions, especially while price continues to hold above the recent bottom area.
Target: 18.03
Key resistance: 17.60
Invalidation: strong close below 17.14
The chart is not screaming yet, but it is getting harder to ignore.
#USDMXN #Forex #FX #TechnicalAnalysis #TradingView #MexicanPeso #USDollar #RiskManagement #Hedging
On the daily chart, the market is building a potential triple bottom around the 17.14 area. On the 4-hour chart, price action is also showing a series of higher reactions from the same support zone.
The key level to watch is 17.60. A clean break above that area could open the door for a move toward 18.03.
I still like the setup for medium-term long positions, especially while price continues to hold above the recent bottom area.
Target: 18.03
Key resistance: 17.60
Invalidation: strong close below 17.14
The chart is not screaming yet, but it is getting harder to ignore.
#USDMXN #Forex #FX #TechnicalAnalysis #TradingView #MexicanPeso #USDollar #RiskManagement #Hedging
Luis Nicolau
Derivatives Trader
Derivatives Trader
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Luis Nicolau
Derivatives Trader
Derivatives Trader
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.