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olly_price
Apr 28, 2016 7:51 AM

USDMXN perfect triangle 

U.S. DOLLAR / MEXICAN PESOICE

Description

A number of trade possibilities on this symmetric triangle. I personally would be bearish USD fundamentally, so look for downside breaks to trigger an extended move down.

Breaks to the upside will also provide excellent opportunities for a short-term trade.

Comment

I would go short at a close below the structure level at 17.1
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