USDMXN long term analysis - Market decision is near.

FX:USDMXN   U.S. Dollar / Mexican Peso
106 5 2
Price looks like beeing squeezed in a triangle between 2 opposites trends.

Market is undecided, outcome is coming. Prepare to choose the right trend within a couple of month. With probably a nice brakeout.

My bet is that the outcome will be NORTH as
* 12.93 is a 50% fibo support
* Longer term uptrend will play out
* USD becomes stronger on the market
The outcome was well guessed :)
Let see how behave at DT, the rule say when you see a double top DT sale a double top...............need to wait for the close of the day
+1 Reply
J.Livermore alfonso.ramos.1485
indeed, nice analyse.
We are near target: upper bound of the rising channel (green area)
15.50000 upper band and 15.0000 algos by computer...........went to 14.75000 some frunt runing here that is you levels maybe need PA price action to brake one way or the other but looking at the chart need more time 1 month more take a look the to last candles top tail and looks like a bot tail IMO
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