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⋅ Hey Traders,
After the 38.2 % retracement on the USDMXN you haven't quite felt the full force of the fall.
That being there is still room for very long term support.
Here are my wider outlook zones for entries/exits.
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⋅ Holding off until mentioned zones.
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⋅ Only very light shorts applicable.
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⋅ Holding long term short bias.
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⋅ Maintaing shorts (light only).
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⋅ Long this US pair only with lowered risk.
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⋅ Shorts above prev high at M resistance.
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⋅ let market drift.
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⋅ Need it lower.
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⋅ Bias remains.
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⋅ Any longs very minor.
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⋅ Hold off new entries until 15.7
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⋅ MXN still falling. Lock in gains on shorts. Only new longs far lower.