USDMXN bullish continuation in play!!

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24 August 2021 | Updated: 24 August 2021

Key Support: 22.28
Key Resistance: 20.44

The USDMXN has been in a very strong bullish move since the beginning of this trading week (up 3% from low to high) without any deep pullbacks. Yesterday we tried a bullish continuation that stopped us out at a loss but the setup presented itself again and like I said on yesterday’s live show, I would take this setup over and over in a vacuum because it’s mathematically very profitable.

Today we got the same setup but with a much better R and we took it at the break of today’s lows targeting this week’s highs where we saw sellers jump in aggressively yesterday.

this play is a rejections of yesterday’s lows + a break of today’s highs on high bullish volume / momentum.

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