stamoyo

USC/MXN Obvious breakout

Long
FX:USDMXN   U.S. Dollar / Mexican Peso
The pair is moving so rapidly, lately. There is an obvious and strong resistance now, support later level. In such situations, if the bull breakout fails, we will mess up with a very large bear movement. It is more likely to go bull, but bear market is not fully excluded. I would recommend to wait a little, until either a breakout or slump begins.
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