USDMXN Short to possible resistance line break, and further.
Updated
I Shorted USDMXN at the break of the trend line last night before i went to bed, and woke up to a wonderful +$500. It is in a down trend on the larger time frame, so I expect it to keep moving down. Be mindful of the mini S/R line and expect a possible bounce there which could even take it back up to 17.54 where the top of the trend is. If it breaks the trend line, I will be aiming for 17.2-17.1.
Trade closed: target reached
Price hit the S/R line and took profit. I am watching to see what its next move will be. If it breaks through the S/R line i will short it all the way down to 17.2-17.1 Will update ideas after work.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.