USDMXN as many other things im posting today has a latent danger coming tomorrow Stimulus! If its approved im going Short USDMXN into the 20.60s If its denied (again) prob testing 21.40s+ As of now approved looks more likely with a 2t+ package on its way Being careful but this move is the most likely for me. retest above 21.15s into retest of 21.00s into holy...
looking at this twchincal level and see how it behaves
going strong and beautiful on the way up, riding a bit more to profit lvl 2 to close all and rethink strategy :)
initial targets were 3560-3600but we seeing the first consolidation in the rally since H&S breakout I like this :) expecting a drop to 38%-50% retrace of initial move up so we can continue on our way to initial targets waiting a couple hours & see if its worth taking profit now and reopening later
after 21.23s hold we going to 21.50s to retest, if strength persists 21.70s are open Stall on stimulus talk will pump the dollar further keep eyes open for stimulus talks!
expecting continuation to next levels without problem
riding the H&S till its complete, after that redoing targets and checking where the market signals
Expecting / would like to see a consolidation or a small move down before continuing rising Big news could come during the weekend to move this up to 3530+ for Tuesday
same formation as in sp500 (check my other post) theres a inverse H&S forming and its about to break. additionally we have 2 important levels to surpass to confirm and give green light the fib level and the technical resistance level
keep an eye on this! might work if we get nice confirmation and not such a choppy october/november elections
if 21.35 holds and 21.55, 21.60 start looking strong, long side view looks like a retest on 21.80-21.90s as i stated on other chart be careful with news right now, moves happen really fast
if weakness in downside is present take profits in 21.20-21.15 Going above 21.60 signals prob test of 21.80s again, so be in lookout Tweets are powerfull rightnow so be extra careful on any direction Posting a long side idea in a dif post, check it out if interested!
might lose part of the upside but rather wait for confirmation of todays move, if not convinced even waiting for clear break above 87 good risk/reward ratio
Target 50 for technical view 52 target for Cup & handle 55+ for long term
Stop loss & profits signaled in chart :)
slow but continually moving towards my 20s target Still holding for mid term 24+ Expecting a possible retrace before continuing up