ElemontFX
Short

USDMXN INTRADAY - Bearish Continuation

FX:USDMXN   U.S. Dollar / Mexican Peso
Price action calls for bearish continuation towards support.
Bearish intraday bias.
Are you shorting with that RSI ?
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ElemontFX jyc.joyz
@jyc.joyz, No reference to RSI for this trade, just price action respecting trend. Trade would be invalidated if price broke above the resistance line drawn, but instead it fell further.

The trade was only meant for intraday, so could easily pullback from here next week, but if you treated it as an intraday daytrade like me you would have already closed in profit.

Anyone who is still in this short trade should think about trailing their stops to lock in profit and ride however further it may or may not go.

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