USD/MXN Is In A Strong Downtrend

3 April 2017, 08:34
Ahmad Hassam

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.

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