BUY USD/MXN 1W TIME FRAME (BUY HOLD).

Placing a buy position on USD/MXN

Due to rises in COVID cases and new strains of COVID weighing in on Mexican PESO.

The Mexican Peso remains vulnerable to a risk-off move, meaning the US Dollar will be picking up safe haven momentum. If this occurs, I would look for a break above 20.50 to start considering price reversal, with a close above the 21.00 line as a confirmation of short-term bullish bias.

Risk/Reward

Please send comment with feedback.

#BLESSESPIPS

Yorum:

USDMXN is playing out just as planned. Currently +3500 pips in profit.

Ride the trend.