delfin

USDMXN @ RESISTANCE LEVELS

Short
FX_IDC:USDMXN   U.S. Dollar / Mexican Peso
1
So after a long long vacation, I am back. Just to see that this precious has gone nowhere.
I find it important to recall that in the long term we are at resistance levels, and even the 4 hour chart found overbought levels in the last two movements to the upside.
It may be that we are in early stages of a relevant down leg, so find myself more comfortable selling rather than buying.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.