USD/MXN - High probability sell setup - Week of 09/6/2020USD/MXN - High probability sell setup - Week of 09/6/2020
Wait for key support to breakdown with a retest before going short.
The long scenario is unlikely at this time.
Usd_mxn
EL peso Mexicano y su posible caida ante el dolarSegún las últimas noticias que indican que podría haber más casos posibles de coronavirus en nuestro país, parece que la peso continuará aumentando en comparación con el dólar. Si continuamos viendo este patron y seguimos avanzando hacia adelante y vemos una ruptura por encima del punto crítico de 22 en el cierre mensual, podemos esperar ver que la peso empuje hacia arriba para registrar precios y niveles sueriores a 25
USD/MXN IN BEAR MOOD LOOKING FOR LEG "C"So the stop @ 18.30 was activated overnight and we are now waiting for a rebound at 18.40 for starting a short position.
If the triangle figure is correct, we should see 17.66 or 17.38 (0.78 fibonacci retreacement) as support levels for leg "C"
USD/MXN IN BEAR MOOD LOOKING FOR LEG "C"So the stop @ 18.30 was activated overnight and we are now waiting for a rebound at 18.40 for starting a short position.
If the triangle figure is correct, we should see 17.66 or 17.38 (0.78 fibonacci retreacement) as support levels for leg "C"
