Usdmxnlong
USDMXN Long opportunity aheadMexican peso is headed towards post-election support under amid political and economical instability, looking for entry after rebound at 20.35 area and SL at 20.10
POSITIONING | MXN Peso Shorts ... Are looking a little less extreme than they were before Trump's inauguration, whilst the currency represents great value. I'm inclined to take the under on Trump's doomsayers and this trade is the best way to express that view while collecting carry (presuming realised volatility continues to calm).
USDMXN will rocket up tomorrow with the government change in USAs we already saw in the previous debates and the day when the elections in the United States ended the Mexican peso suffers a lot in all that concerns to Donald Trump, the day he got elected this currency lost a lot of value against the USD.
The same thing will happen tomorrow, this is a total bullish forecast.
USDMXNWe are looking for this pair to break through and create a HH and go to 21.30000 area this could be multi day trade
USDMXN will keep risingLooking back at the history of USDMXN there appears to be no particular reason to expect a drop. Market Makers grabbed stop lows on previous weeks during FOMC and NFP and peso likely to rise to unprecedented levels supported perhaps by US elections prior to the drop ?
