FX:USDMXN   U.S. Dollar/Mexican Peso
65 5 1
As it seems that the downmove is over let's asume that the uptrend will be resumed.
ForceFollower
3 years ago
Hi! I'm not trading this market, but if was, I'd rather be looking to go short. I wouldn't particularly like the big double tops, no new highs, intensive selling at each of the smaller tops. Here's how I'd see it:
snapshot
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motleifaul
3 years ago
First tranche of profit carried into the barn. The rate often pauses at the medium line, that's why I holdout with half of the position now only.
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ForceFollower motleifaul
3 years ago
You had it right. It's gone high enough to call it successful.
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motleifaul ForceFollower
3 years ago
Yes, let's call it a deal. I take the profit all out. Let's look for another chance anywhere. EUR/JPY short is my tip.
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ForceFollower motleifaul
3 years ago
Take it with caution thiugh. They yen is very weak... I am actually stalking GBP/JPY to go long at a good price...
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