USDMXN Follow-on
Updated
As per the last USDMXN analysis, I am still short on this pair.
With everything that's going on in the US at the moment, I believe the DXY will drop below 93, thus pushing USDMXN down further than originally anticipated.
Fundamentals may play a big part in this trade (good or bad), considering there is "high impact" news every day excluding Friday.
Whether you agree or disagree, leave a comment or a like.
-Connor-
With everything that's going on in the US at the moment, I believe the DXY will drop below 93, thus pushing USDMXN down further than originally anticipated.
Fundamentals may play a big part in this trade (good or bad), considering there is "high impact" news every day excluding Friday.
Whether you agree or disagree, leave a comment or a like.
-Connor-
Note
Quick update.My analysis suggests price will not push upward of 21.97925, therefore a tighter stop-loss of 22.0000 can be placed at the traders discretion.
Trade closed: stop reached
Little bit of dollar strength pushed price up to my stop loss.I'm still bearish on this pair so will look for a re-entry.
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