USDMXN IMPORTANT DAILY LEVEL (BREAK OR BOUNCE??)

Short

U.S. Dollar / Mexican Peso (OANDA:USDMXN)

Updated

OANDA:USDMXN U.S. Dollar / Mexican Peso

supportandresistance trendline triangle usdmxn usdmxnshort usdmxnidea usdmxndaily

THE MXN IS BEING UNDER PRESSURE DUE TO THE STRENGTHENING OF THE USD AND THE UNCERTAINTY ABOUT THE POLICIES OF THE NEW PRESIDENT AMLO. CLEARLY WE CAN SEE THE DAILY STRUCTURE OF THIS PAIR WHICH IS TESTING THE UPPER TRENDLINE AND GIVING US A POSSIBLE SCENARIO FOR GOING SHORT AROUND THE RESISTANCE ZONE BETWEEN 20.86 & 20.96 WITH STOP LOSE UP TO 21. LETS SEE HOW IT DEVELOPS!!!

Trade active:

If you took the short side of the previous idea, you are now up 200 pips in this trade setup which perfectly respected and bounced from the trendline..

Trade closed: target reached

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