FX:USDMXN   U.S. Dollar / Mexican Peso
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11
It’s a clear bear set up that the USDMXN is heading to support level of (18.500).

As seen on the DAILY TF the price has broken the 20MA AND 50MA and has set the tone for a downward trend to lows of $18.

In My Opinion I am DEFINITELY going SHORT on this one. Since the price had broken an area of volume forming a medium term downtrend.

Comments

i definetly agree to this analysis
+1 Reply
tysmJesus felixmalandi
@felixmalandi thank you
Reply
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