IvanLabrie
Short

EURMXN: Offering promising downside and a nice carry

FX_IDC:EURMXN   EURO / MEXICAN PESO
136 2 19
EURMXN             is in a downtrend currently, and about to fire continuation in weekly scale.
We can look to go short on a drop under the recent low, with stops above 19.7591, and aiming for 17.4766 as bottom target.
We can cover half once we hit 18.4273, or after the downtrend time runs out.
The projected potential downtrend would last a maximum of 9 weeks.
We can take this trade together with usdmxn             as well, since both have promising setups.

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers,

Ivan Labrie.
Comment:
snapshot
Order cancelled
Check my chart..

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IvanLabrie PRO JavierSoto
Hi Javier, we should see a breakdown soon, at least in the Euro chart. USDMXN, there's still some support at 17.345.
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