The super exotic currencies are difficult to trade for most retail traders with insane volatility
levels. But structurally, I see a nice H&S
pattern emerging on the USDMXN
. With this week's FED meeting and statement, there may be enough technical divergence to see a USD retracement across all currencies and this could be a BIG opportunity. I'm looking to sell below the neckline or safely on a bearish
formation on the right shoulder and target this year's pivot
at 14.2000 or 14.0000 even.