jolicoeur342
Short

USDMXN - SELL AREA (LONG TERM TRADE)

FX:USDMXN   U.S. Dollar / Mexican Peso
405 3 11
Hello guys, on USDMXN             i see 2 options, you can sell in the SELL AREA or we could wait for the BO and then SELL the re-test. BUT I will be selling right in the SELL AREA and put a SL above the zone =).
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Pretty simple trade and we take a look at the RISK&REWARD, it worth it!
If the market would make a HIGHER HIGH, this would actually INVALID this chart!
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Love this one. I am waiting hoping it goes back up to ~18.94. Thanks!
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Wow this is something... 38% Fibs (16.45), that's a long way to go, last time price was that low was December 2015.
+1 Reply
jolicoeur342 patogarcia912
yeah exactly!!! I'm waiting for that sell area before adding for sell but then we will be banking hard =)
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