USDMXN Long Term Target (1-3 years): $28-33 pesos per dollar
2020-03-09 20:07:13
1M chart bullish pennant has broken to the upside, with a target of around $28 to 33 mxn per 1 dollar.
I'm pretty confident in this trade given it took 3 years for this pennant to form so its pretty clear cut TA wise. Also given the economic forecasts and the current administration, it's almost guaranteed.
Let's see how this ages.