How long does a meaningful consolidation has to last before you enter a trade ? In my opinion I always want to see a consolidation that lasts at least 8 or more weeks before I would consider entering. The reason that I want a longer consolidation is to try and avoid a bunch of false breakouts such as a 10…
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Mexican Peso—The Mexican Peso in the June contract is up 51 points or 1.25% at 4146 looking to break out of a tight 7 week consolidation pattern as it looks to me that a bottom has finally been created. I will be recommending a bullish position if prices close above 4254 as the risk/reward is in your favor due to…
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