DAFOREXSUMNDEH

USDMXN - BEARISH SYMMETRICAL TRIANGLE

Short
FX:USDMXN   U.S. Dollar / Mexican Peso
For months, USDMXN has been extremely bullish, however prices started to make converging swings, forming a symmetrical triangle. Prices broke out with a lower low and restested structure with a lower high which lined up with the 50% fib level where we often look for entries. My stop loss is above the wick and target is at the 161.80& Fib extension.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.