EvanJones
Short

Dollar/Peso battle

FX:USDMXN   U.S. Dollar/Mexican Peso
24 0 0
a year ago
We have an over-brought pair here, based on the following:

Over-brought stochastic on the daily timeframe , indicates a slight pull-back could be expected
Divergence printed indicating that RSI and Momentum are ready to see a reversal
Price to retrace ahead of Wednesday's FED decision (which may or may not boost the Dollar)
Oil             price is heading further south which is correlated with the mexican peso

I'm looking to enter a small trade towards to price area indicated before Wednesdays FED decision, could be a nice little retrace before testing of tops!
a year ago
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