THIS PAIR OPENED AT WM2 AT THE START OF THE WEEK, BULLS WILL TARGET WM4 ACCORDING TO PIVOT POINT THEORY. A PULL BACK TO WPP SUPPORT WILL OFFER BULLS ANOTHER CHANCE TO GO LONG.

USDMXN H1

MARKET IS SIDEWAYS, HOWEVER 21 & 55 HAVE CROSSED. PRICE IS BULLISH. STOCHASTICS IS OVERBOUGHT. RESISTANCE IDENTIFIED AT WM3 WHICH COINCIDES WITH MPP. SUPPORT IDENTIFIED AT WPP. MY PLAN IS TO BUY AT WPP WITH A TARGET OF WM4.

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