Hi everybody,
USDMXN made a nice drop in impulsive fashion, down from 20.657 level which can be a five-wave development in the making. We can see waves 1,2 and extended wave 3 completed at the lows, so current sideways activity can be a temporary pause within the downtrend. We see this pause as a triangle correction within wave 4, which can now be trading in...
In this screencast I focus on 'lean hogs' and the Mexican Peso v Sterling. The core issue is the ranging pattern on the daily time frame (over the periods I'm looking at).
In general these two instruments are highly volatile and risky. However, the pattern creates expectations (not predictions).
In other posts I pointed out that certain instruments have a...
