POSSIBLE SHORT SETUP FOR BEARS ON THIS PAIR. MONTH END PESO FLOWS BLACK TO MEXICO WOULD HELP THIS SETUP.

USDMXN H4

AS PRICE MOVES IN AN DESCENDING CHANNEL CREATING LOWER LOWS & LOWER HIGHS. A BEARS'S JOB IS TO SELL THE HIGHER LOWS AT RESISTANCE.

USDMXN H4 POST TRADE PLAN

THE PLAN WAS TO SHORT THIS PAIR, HOWEVER THE DOLLAR STRENGTHENED AFTER THE RELEASE OF GDP FOR 4Q. NEXT AREA OF RESISTANCE IS @ 19.352. IT WAS A GOOD TRADE PLAN IN MY OPINION.

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