PRICE ACTION ON USDMXN at 19.74 and where can we go from there
If we analyze the last price action that took place on 18.74, we can see an uptrend until 19.38, which then led all the way to the 20 zone ( with a few stops in between).
With this being said, we could see a very long season comming for this pair. However, I am not trying to say, that the exact replica of the last price action will take place, you just have to see how the pair behaves when it hits that level, mix it up with some fundamental analysis, and try to make your way to the next tops and bottoms of this pair.
MY first TP is at 19.25 to play it conservative.
Where will yours be?
With this being said, we could see a very long season comming for this pair. However, I am not trying to say, that the exact replica of the last price action will take place, you just have to see how the pair behaves when it hits that level, mix it up with some fundamental analysis, and try to make your way to the next tops and bottoms of this pair.
MY first TP is at 19.25 to play it conservative.
Where will yours be?