This could potentially be the best pair to short USD.
Trump, may get his rate cut and ratification of a new trade agreement.
Stops have to go above recent high or above 20.
I entered at 19.879
Note price is still in uptrend therefore if you are conservative trader you can wait for price to brake at lest black trendline and get it on retracement.
USDMXN - Testing the upper side of a long term holding wedge on the daily chart.
1 or 4 hour chart could offer more confirmation in terms of a rejection candle...
Arca Continental
- Respetó el soporte bajista de la cuña
- Mencionaba que en un ajuste del $IPC, AC sería la primera en ajustarse fuerte, fue muy agresivo su alza en días anteriores.
- Le afectó también que tiene negocios en Argentina con las noticias recientes.
- Vámonos armando de posiciones debajo de $102
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Time limit is specified;
Support and resistance are specified;
The price within the red range is fluctuating, and in case of failure it goes up to the pink range;
The price is within the pattern and the triangle;
The Peso is currently in a sideways consolidation perhaps due to investors awaiting the outcome of Mexico's current monetary policies by the new administration. However, current trend points to an exchange rate of about $ 29 Mexican pesos to 1 US dollar by August of 2020. Could the president's new policies contribute to the country's economic decline? Only time will tell.
En este sencillo análisis mostramos gráficamente lo que podría continuar la tendencia que desde siempre ha tenido la paridad cambiaria entre USD y MXN.
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