Key Resistance: 20.85 – 21.00
Long Term View
The USD/MXN has been on a +7.70% bullish move from low to highs since the lows in late January 2021. We have been trading the upside the past couple of months and our bias remains very bullish as long as price keeps trading inside the long term bullish structure.
1H chart Analysis
The USD/MXN opened lower but quickly recover to trade above the weekly pivot and the very important 20.70 level.
It boke with a falling wedge , which is in this case a reversal pattern but we needed price to break the previous lows. This is why we used a buy stop above the 20.80 level
The 21.00 level is a massive area of resistance so it´s crucial to take profits here.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
