USDMXN BREAKS MASSIVE BULLISH STRUCTURE

USDMXN BREAKS MASSIVE BULLISH STRUCTURE

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Orlando Gutierrez

Updated: 13 October 2022

The UM finished last week very bearish breaking with a mid term bullish structure after rejecting the top of a range that has capped the MXN going lower against the USD.

We´re looking to short this pair at the break of Friday´s lows / Last week´s lows with a tight stop above today´s highs.

Think about taking profits on the next key level around the 19.60 and possible runners to the calculated targets (1.618 retracement of the last bullish wave) around the 19.80

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