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USDMXN - Is the reaction complete ready for another bullish move

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USDMXN bullish trend has remained for years and after February's & March's bullrun, it is only normal to see a healthy correction.

As it appeared, the bull run of February & March has seen a retracement (almost) to the .618 fib. Although we are still in a downtrend, I am waiting for price action to break the white dashed trendline before opening a position. I do think this will be soon as we are seeing a bullish divergence on the RSI .

What do you guys think? Are we going to see a reversal soon or expect to revisit the long term support tread?
Not
anlık görüntü

I was stopped out of this trade on a wick. I still feel we are heading higher here after this potential triangle forming before more upside.

While I am awake, or able to attend the computer, I rather to set alarms than put in limit orders on trades. Therefore if/when my alarm goes off, I will monitor PA for another long position.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.