Forrestmars

USDMXN Long Idea

Long
FX:USDMXN   USD/MXN
Hello everyone, this week our scaling in trades did not work out. However no need to get discouraged because there is still plenty of money to be made.

From a Weekly perspective the market created a nice M formation and is near the Weekly resistance level from Jan 2017

Also we have beautiful confluence of the fibonacci 0.50 and 0.618 levels.


Our target is the neckline of the M formation which is around the 23.3 Level.

Take care and good luck
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