U.S. Dollar / Mexican Peso

Long

USDMXN: Long here

Updated

USDMXN apparently has bottomed after a sizeable pullback, good to try the long side here. Start small first, risk 0.5%.
Additionally, looks a bit toppy here.

Good luck!

Ivan Labrie.

Note

snapshot

Note

Looks to be working, despite the rally in the Euro. Seems like falling EWW had more weight here.

Trade closed: stop reached

The Mexican central bank ruined this outlook with their intervention. Stand aside for now.

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/

Also on:

Related publications

USDMXN: Trump talked the pair down, but for how long?

DXY: Long term analysis

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.