alexcamargo
Long

Technical Analysis From A Noob Trader

FX_IDC:USDMXN   U.S. Dollar / Mexican Peso
28 0 0
This is my forecast for the USD/MXN. I'm predicting the price to break the resistance at 18.32225, bouncing at the new resistance at 18.36983 and go as low as my new support at 18.32225. So I'm hoping a trend continuation ( harmonic ) so it breaks the resistance at (18.36983) and go up to the resistance at 18.42551. I hope to enter at the orange line (18.33995) and exit at 18.41403 with an stop loss at 18.29601. What do you guys think? Any tips about my analysis is going to be highly appreciated! :)
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