USDMXN trade ideas
Will the USDMXN have escape velocity to break 20.77?Again, our favorite FX pair is the USDMXN....we follow it closely. The currently path upwards has first resistance at 21.77...tried once to break it and now has a second time to do it. We think it eventually breaks to the upside. The bottom is in!!!
USDMXN - LONG SWING SETUPOn the daily timeframe market has broke out of the downtrend and started to form new bullish structure. Also on the daily timeframe we can see market has recently made a nice bullish impulse followed by a correction, now we are expecting the continuation to the upside and another new higher high high to form from a daily perspective... we will be waiting on the 4hr timeframe for rules to be met before entering a nice long.