TAS
Long

USDMXN still waiting for the correction break

FX:USDMXN   U.S. Dollar / Mexican Peso
280 6 14
USDMXN             still waiting for the correction break, can still hit the red trendline . Divergence missing.
Comment: Too late to enter now, wait for a retracement
Comment: It has been a great trade so far
are you expecting a pull back to the 38.2 fib before continuing up?
Reply
TAS PippyLongStackings
I think a deep retracement, something like this
+1 Reply
I think so to I'm still learning but I drew it up on my phone and I do see an overall uptrend but it is retracing I plan on shorting and getting a good position for long. Thanks your mark ups help.
Reply
TAS PippyLongStackings
glad to hear that.
+1 Reply
This is highly likely.
Reply
TAS IvanLabrie
Thanks Ivan, As always. I only now saw the comment, sorry.
+1 Reply
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