Hi traders
We can see an on-boing classic distribution on MXNUSD daily chart.
RSI is in a downtrend which shows that there's less and less strength in the market.
When it comes to the price action, lower highs and lower lows suggests that we are about to get a mark-down and it may happen pretty soon.
3 targets (take profit levels) for shorts are shown on the chart.
Good luck
We can see an on-boing classic distribution on MXNUSD daily chart.
RSI is in a downtrend which shows that there's less and less strength in the market.
When it comes to the price action, lower highs and lower lows suggests that we are about to get a mark-down and it may happen pretty soon.
3 targets (take profit levels) for shorts are shown on the chart.
Good luck
Trade active
short activeNote
Some tagets reached. Profit booked.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.