I was doing research with bond yields for Mexico and the United States. Mexico's 10YR bonds are falling, meaning they can't pay back their debts as much. The United States 10YR is the same way. However, Mexico's interest rates are rising. Rising interest rates meaning their printing more money, making their currency less valuable. The United States Fed has had talks about lower interest rates, making the Dollar rise in value.
As my analysis shows, theirs a triangle. We are nearing the bottom of the triangle, most likely, it will rise up to the top of the triangle again, there hasn't been much movement to break the triangle. I will keep adding to my position until I either hit my stop loss or take profit.
I'm not sure how long it'll take, I am confident about this trade
As my analysis shows, theirs a triangle. We are nearing the bottom of the triangle, most likely, it will rise up to the top of the triangle again, there hasn't been much movement to break the triangle. I will keep adding to my position until I either hit my stop loss or take profit.
I'm not sure how long it'll take, I am confident about this trade