Mexican Peso: Weekly uptrend triggered, above resistance
Updated
The Mexican Peso is now trading above the US Presidential Election key resistance level. Price could soar from here, we can enter longs and add on dips, or average in during a few days to a month. Returns are over 10% at the very least, in the coming 2-3 months.
Negativity against the Peso kept many traders skeptical of this rally, all the way up. This is usually the case with any trending market. It's key to identify which are trending to ride significant moves. We can find very low risk entries using the TM methodology created by my mentor, Tim West.
Best of luck,
Ivan Labrie.
Negativity against the Peso kept many traders skeptical of this rally, all the way up. This is usually the case with any trending market. It's key to identify which are trending to ride significant moves. We can find very low risk entries using the TM methodology created by my mentor, Tim West.
Best of luck,
Ivan Labrie.
Note
The uptrend could stagnate and fail here...all dollar pairs gained strength lately, except for rare exceptions.Note
The weekly uptrend in the Mexican peso should accelerate soons3.amazonaws.com/tradingview/snapshots/k/KYmt19B4.png
else it might just form a new mode around here, it's quite positive above the election high.
Note
On track, might consolidate soon.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.