Hey how's it going traders, well its that time of the year again to go long USDMXN. Stop loss is below the 100 Moving Average (Support); Stop loss order is the red horizontal line. 1st target is 16.6880 for a roughly 1:1/1.2 R/R . 2nd Target is at the top of support at the 17.2000 level (marked by a green horizontal line).
Note: There is negative long swap on this pair so take that into consideration when choosing position sizing, stops, time, etc.
Note: There is negative long swap on this pair so take that into consideration when choosing position sizing, stops, time, etc.
