GBPMXN Weekly and Daily - important levels

Price on GBPMXN is at a possible band of horizontal support. But at least it is an important structure level.

Price has also broken the 200 EMA on the weekly chart. However, it has recovered in the in recent months from such a level.

Disclaimer: This is not a recommendation or encouragement to take a position, or invest any money. GBPMXN makes both millionaires (the minority) and paupers (the majority) of traders. No liability accepted for any losses suffered. Paper trading accounts are recommended for those who wish to experiment.

Comment: Aggressive bullish move on hourly could be important at GMT 22:23 2017-04-05
Comment: For those who are long, this could get interesting. Those who wish to short may wish to wait a bit. :))
Tip of the day: if you're shorting anything do it at the peak of something to minimise risk of being scalloped. [Different perspective on the virus]


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