IvanLabrie
Long

Mexican Peso: Weekly uptrend triggered, above resistance

FX_IDC:MXNUSD   MEXICAN PESO / U.S. DOLLAR
The Mexican Peso is now trading above the US Presidential Election key resistance level . Price could soar from here, we can enter longs and add on dips, or average in during a few days to a month. Returns are over 10% at the very least, in the coming 2-3 months.
Negativity against the Peso kept many traders skeptical of this rally, all the way up. This is usually the case with any trending market. It's key to identify which are trending to ride significant moves. We can find very low risk entries using the T@M methodology created by my mentor, Tim West.

Best of luck,

Ivan Labrie.
Comment: The uptrend could stagnate and fail here...all dollar pairs gained strength lately, except for rare exceptions.
Comment: The weekly uptrend in the Mexican peso should accelerate soon
https://s3.amazonaws.com/tradingview/sna...
else it might just form a new mode around here, it's quite positive above the election high.
Comment:

On track, might consolidate soon.
commercials are coming in heavily long on peso
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derby derby
@derby, sorry -short on peso
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Tim is a great market veteran!
But I have a little difficulity reading/long comprehension time on this kind of charts, both yours and Tim's. To be more specific, the technical charts seems different from what is commonly used while there are some wisdom input through the lens of fundemental perspective (which is also not quite the same with traditional methods). Could you just briefly let me know what is your methodology about? Thank you.
+1 Reply
@Sam_Hon, there's a lot written on the subject. We use a proprietary trading strategy, that's why you might not see any resemblance to other people's charts. Feel free to stop by the 'Key Hidden Levels' public chatroom here.
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