Dollar A.S. / Peso Meksiko
Penjualan

USD/MXN Short idea

47
We have a nice upwards channel with some big wicks pushing to the upside, as we have reached the top we can see a double top starting to form. Upon this double top forming we can see it has bounced straight off and closed below a separate trend line within our channel which to me is a sure sell signal.

I Have structured my zones of interest of where i believe price has the ability to bounce and consolidate but eventually coming down to the 61.8 which confluences with where one of my zones is placed. This fib line is around my TP zone of 21.000

We have three confluences in our favor for this short trade...given the current climate state anything can happen but i believe America hasn't seen it's true impact of corona virus yet upon which I see a weak dollar in the near future.

Good R:R but please trade at your own risk!.

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