USDMXN a very volatile pair
USDMXN coming down strong after a nice run up. I expect a bounce from the up trend line
This bounce may then form a head and shoulders pattern, taking us down below the trendline
I am not currently entering any trades, and this is purely a hypothetical situation
However i am waiting for the trendline to be broken, whether by H+S or otherwise. This will be an entry for a short trade
This bounce may then form a head and shoulders pattern, taking us down below the trendline
I am not currently entering any trades, and this is purely a hypothetical situation
However i am waiting for the trendline to be broken, whether by H+S or otherwise. This will be an entry for a short trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.