USD/MXN ‘Buy’ At 19.9036 Support
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Here’s a recent USD/MXN trade setup to demonstrate using a popular technical analysis tools, support & resistance.
Trade Setup
- 1-day timeframe for a swing trade
- Long (buy) position entered at 19.9036 support level
- TP set at 20.246 resistance level
- SL set at an equal 1:1 risk-to-reward
- Trade took 5 days to hit target price 🎯
Advanced Risk Management
- Stop-loss could be adjusted as the trade moved into profit
Disclaimer: This example is for informational and educational purposes only and should not be considered financial advice or a recommendation to buy or sell any security. Trading involves significant risk, and past performance does not guarantee future results. Conduct your own research and consult with a financial professional. The information discussed here is personal to the author and may not be suitable for all traders.
