Chart of the Day USDMXN

USDMXN cup and handle return

 

USDMXN is breaking above the 19.300 which is a strong resistance after the long-term triangle support bounce. We could see a test of 19.800 in the case of further upside continuation. Now only a daily close below the 19.300 will invalidate the upside swing.

ARMAT trading system is neutral

Note: look for the long trade entries with the stop loss below the 19.300 level

 

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