USDMXN Triangle break Short position Short

USD/MXNOANDA

Description

⋅ May 9, 2020 11:11 AM

USDMXN Triangle formation over the past April with undefined direction.
Triangle formation break this week, the chart made allready a test to the 23.800 level, now resistance.
We will see probably a drop to the 22.800 (fib 0.382).

TP1 - 22.800 (fib 0.382)
TP2 - 22.000 (fib 0.500)
TP3 - 21.150 (fib 0.618)

Small SL and big TP
Trade safe, cheers