USDMXN 1H - Bear Trend

Analysis:

USDMXN-1H is currently in a bearish trend. If the price hits 18.03850 which is Fib retracement level, we can enter in a short trade. For this trade the stop loss will be at 18.20170 which is the previous lower high level.

------ Trade ------
Chart: USDMXN-1H
Type: Short
Entry: 18.03850
Stop Loss: 18.20170
TP1: 17.87530
TP2: 17.71210