Mexican peso is finally have its drop after its rise of over 2,000 pips.
if you look at the circle white cross ( aka the doji) it is breaking out of consolidation that is an indication that price is dropping hard.
I will take profit at 18.56178 how ever I do strong believe Mexican peso will touch 17.99028 area long term .and then drop for 1,000-1,200 more pips but I'm going to take profit around those areas.
if you switch to the weekly Mexican peso is still dropping extremely hard and we won't see a rise for a long time most likely.
* Trading requires risk don't risk any money you can't afford to lose" this isn't a signal or financial advice this is just simply my analysis I'm not a registered advisor and you should consult an register advisor if you have any questions regarding anything financial related!
if you look at the circle white cross ( aka the doji) it is breaking out of consolidation that is an indication that price is dropping hard.
I will take profit at 18.56178 how ever I do strong believe Mexican peso will touch 17.99028 area long term .and then drop for 1,000-1,200 more pips but I'm going to take profit around those areas.
if you switch to the weekly Mexican peso is still dropping extremely hard and we won't see a rise for a long time most likely.
* Trading requires risk don't risk any money you can't afford to lose" this isn't a signal or financial advice this is just simply my analysis I'm not a registered advisor and you should consult an register advisor if you have any questions regarding anything financial related!
MRXAU