USDMXN is my biggest win since March. In March I made more than 50,000pips (BUY). last week(SELL) the market hit my TP1 with a 200% return on my account and T2 is underway, as of now I'm up 18,000pips for TP2. checkout my previous analysis for a better understanding on my USDMXN positions.
i love this currency iam glad i caught the moves ..we are going down
UnknownUnicorn4020772
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@felixmalandi, I'm glad we all did. Almost all of my team made at least 100% since May 10.
felixmalandi
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@GTR19, this was my currency of the month i managed to double my account with it ,i have three open sell positions i took yesterday let me wait and see .goodluck on your sells
Short until 20.15.. Re-evaluate then. USDMXN is one of a few pairs that resisted the adjustment back to pre-covid levels (or at least 50-75% retracement). Look at NOK etc. It is time for it to happen.
UnknownUnicorn4020772
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@ZeroCool36, good call. I'm looking at 75% retracement MAX.
joymofokeng153
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How long is usdmxn going to go down and will you givd more entries on it?
UnknownUnicorn4020772
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@joymofokeng153, 21.50 can happen early by the end of this month! even it might go below 21.00 as early as the first two weeks of June but I don't recommend selling large LOTs now because there is a good chance the pair might try to retest 22.90 resistance area. long term perspective it's a SELL. You can sell small LOTs now then keep adding if the market goes your favour if not you will have a good entry-level to SELL big LOT size.