Time To Exit The Mexican Peso

Mexican Peso---The Mexican Peso in the December contract is trading higher for the 2nd consecutive trading session up another 29 points at 5161 and if you took that trade it's time to move on and take the $75 loss as this trade has gone absolutely nowhere over the last couple of weeks.

The Peso is now trading above its 20 & 100 moving average as the trend may have turned higher, but in my opinion it remains mixed, however I will keep a close eye on this market as the chart structure is outstanding therefor the risk/reward still remains in your favor as the volatility remains exceptionally low.

At the current time I have no currency recommendations as these markets continue to go sideways over the course of time as the trends will develop once again it's just a matter of time so be patient keep and keep a close eye on this market as we could be involved to the downside soon as I still have a bearish bias to the downside.

The Peso has hit a 2-week high and if you owned a short position it's time to move on and exit as the proper money management technique.

TREND: MIXED

CHART STRUCTURE: EXCELLENT

VOLATILITY: LOW

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