USDMXN Long

30 thg 10, 2022

This looks to be one of those very "safe" plays on the USDMXN this pair has been a consistent money maker on the long side over the past 3years I have been trading. The ADX is in the lower ranges (Indicating that it is not trending), approaching one of 2 very strong supports and the RSI looking good. Look to enter the market at your own discretion but in my opinion, tends to move very quickly to the upside so have a buy level you are comfortable with. I only buy this pair I never sell it because the timing is always tricky on that one. Macro economic: dollar is still strong but I would also look at the VIX as an indication of when to press the go button as these two are more correlated than not.