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
Transaction en cours:
short active
Commentaire:
Some tagets reached. Profit booked.
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