IvyLeagueTraders

USDMXN Short Swing Trade Set Up

Short
FX:USDMXN   U.S. Dollar / Mexican Peso
USDMXN has broken the trendline on the weekly and monthly chart. Currently price is retesting the break. Looking for price action to show rejection to the downside in the sell zone for entries.

💰TRADE OPPORTUNITY💰

PAIR:USDNXN📉 SELL
Entry Zone: Near 20.24000
Stop Loss: CLOSED 4HR candle Above 20.50000
Take Profit Zone: TP 1: 19.80, Swing target 19.00000
(Risk %: 1-3%)
Risk/Reward:1:1.7, Swing 1:5

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