Key Support: 20.17 – 20.15
The USDMXN rejected last week’s highs on Friday printing a lower high before crashing to last week’s lows on Powell’s very Dovish speech at the end of the Jackson Hole symposium.
This created a big double top with the neck line right at last week’s lows. This week’s open in Sunday and price action until now is giving us an insane R on a short setup with high probability should this scenario play out.
Should price break with last week lows it would also be breaking with the reversal pattern (double top) we pointed out earlier AND the short-mid term bullish structure.
This breakout will be in play ONLY if our bearish continuation scenario on the USD plays out.
- 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.
