Trade School mentees and I have collaborated on this setup. We are holding this trade for a minimum of 1 DAY! Enjoy! If you decide to take this trade, please tag us on Instagram or Facebook @trappingtothebank.
We are looking for a possible trend reversal to the upside, here. We rode USDMXN from the start of the bearish momentum and we're now looking for a bullish impulse.
*POSSIBLE TRADE IDEA* Our eyes have been on the peso for quite a while. We were able to capitalize on the bearish momentum, and now, we are sitting on our hands for a trend reversal to the upside. Smaller moves are happening now, but we are waiting on the push to the upside for capitalization. ENJOY!
*POTENTIAL TRADE IDEA* Currently price is consolidating. It has already our TP so now, we are analyzing the market for a future move. Since today is NYE and tomorrow is NY, I don't anticipate much movement with any NY session-related pairs. ENJOY!