GT247.com Trading Blog

USD/MXN Trade hits first target

Written by Musa Makoni | 12 Sep 2017

First Target Hit

12/09/2017 (Graph Above - Source - Bloomberg)

LONG USD/MXN

08/09/2017

A massive earthquake has hit southern Mexico and as a result we expect the Mexican Peso to come under pressure in the short-term. This is contrary to the current trend in US Dollar weakness therefore please maintain the set risk parameters.

ENTRY: Current price level

STOP LOSS: 17.5800

TARGET PRICE 1: 17.8000

TARGET PRICE 2: 17.9100

Chart Source: Bloomberg

Timeframe: Daily

 

 
 
Musa Makoni | Trading Specialist at GT247.com
 
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