Why the Mexican Peso Surged Against the USD?
On Wednesday, the US dollar decreased in value against other major currencies, including the Mexican peso, by over 1%, due to reports of slower than expected US inflation. This suggests that the Federal Reserve may pause its interest rate hikes. According to data from the US Labor Department, inflation in April...
Hello Traders,
Hope you all are doing good!!
I expect USDMXN to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can...
Setup Contains:
1. Stop Hunt (Sell Side Liquidity)
2. Break of Structure
3. Return to Orderblock (Expecting)
We need to have LTF Confirmation before even entering the trade. Our projected area would be the liquidity & IMBALANCE above where the Selling POI also resides.
FOLLOW PAFX & TRADE LIKE BANKS 💸
Hello Traders,
Hope you all are doing good!!
I expect USDMXN to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve...
