What did I say about USDMXN? I said it will SELL like crazy!!!!!! you don't believe me? check out my previous analysis I've been making since early May!!!
USDMXN has been my greatest trade since March. In March I made 50,000pips and now 25,000pips!!! I've mentioned to SELL this pair since early May, check out my previous post to verify my claim. I will try to BUY this pair in the near future but for now, I'm done Selling! there is a good chance it might continue to go lower but I've already achieved my goal to make 25,000pips (500% on my account).
This pair has retraced more than 50% and a good buying opportunity might be around the corner but it might take time for the Buy formation to happen.
What a great way to start the month! comment below if you managed to capture the move...
I am astonished by the euro-dollar deal. I said this is a losing deal that I will not enter, but you reflected all my expectations. You are amazing.
OSCARCOS
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Congratulations on your trades with USDMXN. I live in Mexico and I frankly didn't had the gut to sell my USD when I should. I lost precious opportunity to make money. I discovered your account today. I will look forward to check on your future comments and trades. By the way every trader I follow on Twitter missed miserably on their forecasts on the USDMXN.
oscarleonchong
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good morning, you expecting it to go up or down in the following 5-7 days ?
UnknownUnicorn4020772
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@oscarleonchong, hello, the pair has retraced 50% since the spike in March and another 25% further to the downside is possible because USD is losing strength due the recent unrest... we will see how this all plays out this week and potential trade it if we see potential in it.
21.70 is a key price point area and we will see if the pair can close above 21.70 this week. I'll post an update on this pair over the weekend.