MXN Futures Reaching historical support Well its always a good ride entering into the EMFX side of the currency market. The area I have my eye on is the marked area of historical support at 0.06386 for signs of bullish evidence in order to buy the Peso with an overall target at the marked level of resistance.
Do note this is not a trade I'm looking to take yet as the opportunity / signal to enter has not manifested itself for me. It is just a potential setup I've had my eyes on for a couple weeks now.
6MX2019 trade ideas
Mexican Peso WEDGE Ocho, Peso forming a 2months wedge. Continuation pattern. I'm considering a sell at current market (0.067200)
Mexican Peso is a bit heavyMexican Peso could drop a this point. A trade below 0.076575 would confirm a sell signal with target objective on the bear median line, If target is not reached by the 14th of July 2014 it should be closed.
