The CHF/MXN cross is showing interesting signs of recovery after a consolidation phase. With a view to the strengthening of the Swiss Franc against the Mexican Peso, I decided to set a LONG position, with an entry point at 23.31.
Key levels of the strategy:
Take Profit (TP): 24.4060
Stop Loss (SL): 23.0100
Rationale for the LONG position:
Technical analysis suggests a potential rebound, supported by several macroeconomic factors. Switzerland continues to maintain a prudent monetary policy, with stable interest rates and a currency considered a safe haven in times of uncertainty. On the contrary, the Mexican Peso is subject to pressure from inflation and volatility in emerging markets.
Looking at the chart, the 23.31 level has proven to be a significant support, increasing the probability of a bullish move towards the 24.4060 target, a key resistance level that coincides with a previous distribution area.
Risk Management:
The Stop Loss is set at 23.0100, a level that, if reached, would invalidate my bullish idea and signal a possible trend reversal. With this setup, the risk/reward ratio is favorable, ensuring a balance between caution and profit opportunities.
Conclusion:
The current configuration of CHF/MXN presents an interesting opportunity for those looking for medium-term movements. If the momentum remains positive, the price could approach the 24.40 area, confirming the validity of the LONG strategy. Closely monitoring global economic dynamics and monetary policies will be key for active position management.
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✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
✅ Real-time Trade Updates
🚀 Telegram Channel: t.me/swipeuptrading
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Start investing like the banks — for free.
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If you're looking for:
✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
✅ Real-time Trade Updates
🚀 Telegram Channel: t.me/swipeuptrading
👉 MY WEBSITE: andrearussoforextrader.com
Start investing like the banks — for free.
✅ Precise TAKE PROFIT
✅ Precise STOP LOSS
✅ Real-time Trade Updates
🚀 Telegram Channel: t.me/swipeuptrading
👉 MY WEBSITE: andrearussoforextrader.com
Start investing like the banks — for free.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。