Dreadlegion
Short

USDMXN Short to possible resistance line break, and further.

FX:USDMXN   U.S. Dollar/Mexican Peso
I Shorted USDMXN             at the break of the trend line 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 trend line , 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.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out