Due to rises in COVID cases and new strains of COVID weighing in on Mexican PESO.
The Mexican Peso remains vulnerable to a risk-off move, meaning the US Dollar will be picking up safe haven momentum. If this occurs, I would look for a break above 20.50 to start considering price reversal, with a close above the 21.00 line as a confirmation of short-term bullish bias.
Risk/Reward
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#BLESSESPIPS
Comment
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USDMXN is playing out just as planned. Currently +3500 pips in profit.
may i know what indicator are using. i help very helpful.
RizeSenpai
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Very interesting fundamental insights you have here, I too have been bullish on USDMXN and actually entered along last week.
I also have very similar targets to you despite my technical reasons for entry being different.
BLESSEDPIPS
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@RizeSenpai, love it , prepared to follow this trade for weeks to come.
nigelbaker1999
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interesting, im still bearish in thought, but i can see your thinking
BLESSEDPIPS
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@nigelbaker1999, That bullish run has arrived. +3500 pips from entry 19.56