I will be watching 1 hour chart at the end of Monday.16.Sep and Tuesday.17th to enter a trade expecting a short term correction to test 13-13.5 level that will present a first resistance point.
Sunday, 16 September 2012
USDMXN - Mid-September
USDMXN - As previous USDMXN long setup has failed, the next potential long entry is at 12.55 (0.618 fib retracement from 2012 high and 2011 low):
While this trade may present a short-term opportunity, a long term bias is bearish due to a recent QE3 Fed announcement!
I will be watching 1 hour chart at the end of Monday.16.Sep and Tuesday.17th to enter a trade expecting a short term correction to test 13-13.5 level that will present a first resistance point.
I will be watching 1 hour chart at the end of Monday.16.Sep and Tuesday.17th to enter a trade expecting a short term correction to test 13-13.5 level that will present a first resistance point.
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