I think about the USDMXN long for the long term, hoping to correct a little more to the down side but right now im just watching to enter the market at the lowest point to grab a long position.. stay tuned. Thing to watch - US presidential campaign news this week - Economic data from Mexico - International Crude Oil prices
Hello Traders, I spotted a Wolfe Wave already underway. We just retested the underbelly of the 2-4 line. This would be a good short at the current level. An exit at the 1-4 line would secure profits.
The resistence level of circa 17.2400 from August is being tested for the second time having failed to break it in September.
Trendline setup on the Mexican Peso with two targets.