USD/MXN is an exotic pair that some traders love to trade daily.
Mexican Peso is in a strong downtrend.
USD/MXN was very nervous when President Trump won the US election.
It made a high around 22 Pesos for 1 USD.
From there it started falling and it has returned to the level where it was before the US Elections.
You can read this post in which I explain recent USD/MXN sell trade.
The idea as always is to enter with a small stop loss and catch a big move.
When you trade exotic pairs you have pay a high spread.
So always plan the trade carefully otherwise you will have to pay the high spread.
