GBPMXN is an exotic pair that is very high risk - but also very rewarding if you find the right entry point and are prepared to lose big time.
Losing? Big time? Ooops - nobody want so hear about that! Right? LOL.
I was taken out for a major loss a couple months ago, as I did not appreciate how violent this pair is. But.. but I've learned a lot in the last two...
In this screencast I focus on 'lean hogs' and the Mexican Peso v Sterling. The core issue is the ranging pattern on the daily time frame (over the periods I'm looking at).
In general these two instruments are highly volatile and risky. However, the pattern creates expectations (not predictions).
In other posts I pointed out that certain instruments have a...