Mexican PesoViva Mexicana!
Key notes.
paradigm shift breakout line
reverse symmetry move
early breakout line
wake up line
#mxnusd #PesoMexicano
Key stats
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Mexico StrongThe price of gold in terms of the Mexican Peso is pretty low. For those holding Mexican Pesos, now would be a good time to consider acquiring gold bullion.
MXNUSD [16Dec2021]Let's go, we caught the last drop, it is still bearish today, with vol dropping. and the lower high.
This may come to fruition next week, so this week I'll be looking into opening positions at the right place.
Goodluck
Redd
MXNUSD [14Dec2021]Followup to the plans (below). If you followed you have nice short entries running right now.
I bagged some profit yesterday, and the bearish trend is still strong with DXY showing short term weakness in its bullishness. We might get MXN at the top end of the range soon, looking forward to shorting
MXNUSD [13Dec2021]Background bearish signal is getting stronger as it is approaching the top end of the range. Volatility is still notably high and it is decelerating. Usually this happens when approaching the top end of the range due to volume balancing.
I will wait to short more at the top of the range.
Good luck
MXNUSD [10DEC2021]Follow up to the yesterday's plan (link below).
Vol is slowly dropping and the price is getting closer to the top end of the range. I will look into shorting incrementally. And the plan might come to fruition next weeks, let's see how this goes
Redd
MXNUSD, Immediate term trade and trend [09Dec2021]With slow raising volatility and getting close to the top end of the range is a good setup to start thinking about shorts. Let's see how this goes, I will update here as soon as the signal confirms.
Redd
Emerging Currencies Making a Recovery??As we zoom out and look closely at the Mexican Peso, we see many signs of strength that have been building for some time now. I believe the MXN and many other emerging currencies are all showing similar signs of strength and in the process of a reversal. While this may provide a great long trade and
MXNUSD - LONGGoing long on this pair short term before we start to look at short opportunities to the downside.
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
