If you missed the buy opportunity of USDMXN
at the bottom of the wick that touched the trendline
, well dry your tears for you can short at the channel retest with a good return of 1400 pips if it gets to our TP of 1.90000 psychological handle. Watch PA closely, if the bullish
momentum is strong enough to incise the channel, this trade will be invalidated as there's not a lot of fundamental backup to it.
has a high pip return and would be nice to it to your trading portfolio.
Happy trading and profitable week!
NOTE:, I am still long on this pair since the entry on Friday but notice that we are heading to fib 50% and a major weekly turncoat-resistance, hence the neutral stance and EUREKA Moment!!!