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Shorting the USD/MXN - Surfing the trend

Short
U.S. Dollar / Mexican Peso (SAXO:USDMXN)  
blockmas  
SAXO:USDMXN   U.S. Dollar / Mexican Peso
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
We are shorting the USD/MXN at the market price with DMA CFDs because our trend following systems are giving us short signals.

MXN is strongly bearish at the moment, with very little strength (-32 on the weekly chart and -39 on the monthly chart). The price is below the 210, 70 and 14 SMAs in the weekly chart and there are opportunities to surf the trend.

  • Opening price: Market price
    Volume: 0.1% of our portfolio
    Risk: 1% of our portfolio
    Trailing stop loss: 6% of our portfolio
    Target: Trailing stop loss, or 18,300.
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