Watching usd/cad fall but it a chance this is the new low and also watching the new for this trade might get ready for the long let get to 1.24 then 1.25 then all long breaks thru
MXN has finally done its final drawdown it always take a month and few days to either go up and to go down now were finally done now it time to go to long 21 is the goal will take a while though either 2 weeks or the whole month. Would scalp the sells and find new entries for longs.
we all know it going hit a sale every new key high point it drops 2k at least but if we past our sale point we could go to 46k and then the magical number 44 oh my :) But be careful can shoot back up. I would take all profits when it gets good don't be greedy.
Looking at past head and shoulders we looking at a possible bullish trend to get back to it high in September we hit a new low last week but this could be a fake out and give us a new high for it as well I would sell till i get a good buy entry
It a possibility that it might go back down and hit a new low but this seem like a new low so up we go then back down which might create a new low or go back up
look at the head and shoulder of it and you can tell it about to go back up so get in the long now then do a sell then back to long
I just need it to get to 1879 on sunday but that monday morning i going till that drop happens an put my entries then by tuesday i am out for that short
IF you want to get few pips i would entry in on sunday but wait till that low point hit again then reenter the market an get those low point for up to 200 pips
If you look at the lines I have charted up month week and day it will either go up for a little but then that bearish will happen