FX:USDMXN U.S. Dollar/Mexican Peso
I Shorted USDMXN at the break of the last night before i went to bed, and woke up to a wonderful +$500. It is in a down trend on the larger time frame, so I expect it to keep moving down. Be mindful of the mini S/R line and expect a possible bounce there which could even take it back up to 17.54 where the top of the trend is. If it breaks the , I will be aiming for 17.2-17.1.
Trade closed: target reached: Price hit the S/R line and took profit. I am watching to see what its next move will be. If it breaks through the S/R line i will short it all the way down to 17.2-17.1 Will update ideas after work.