jgardere

Anyone into exotics?

Short
FX_IDC:USDMXN   U.S. Dollar / Mexican Peso
Though it is still early, the USD doesn't quite seem prepared for a rally. The USDMXN pair seems to agree with rudimentary signs of a sweet bearish move. Price is currently at a strong resistance stronghold. The Weekly chart shows this critical zone very clearly. Additionally, the 50 MA is hovering right over price looking at the daily. Since entering the position an hour ago, I've already caught roughly 50+ pips. This could be a swing of a lifetime. If you don't believe me, checkout the pip count on my chart. Enjoy to all of my sellers!
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.