USDMXN: Optimal long term Buy Opportunity.

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The pair has been trading within a wide long term 1M Triangle since late 2016 that is getting narrower and narrower (RSI = 49.430, CCI = -26.4209, Highs/Lows = 0.0000) as it approaches its completion.

In the recent weeks it has been pulling but towards the Higher Low Support zone and technically is now on the optimal long term buy level. A 2 year long RSI figure also suggests a buy near 40.000. We are taking this opportunity to go long with TP = 19.85000.





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Feragatname

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