USD/MXN -- US Dollar / Mexican Peso

I searched around before creating yet another thread, I was surprised this thread didn't already exist.

I'm long the Peso, I may be dreaming, but I'm hoping this pair is headed for ~ 15 Pesos per Dollar. I've been eyeing this trade for a while. It's been a bit sluggish the past week, but I'm holding on. If she continues in the right direction, I'll add more next week and or scale down a bit if things get hairy.

I welcome other views on this pair.

The spread on this pair was like 100 pips

Yes, but it's relative. In just the last few days I'm in the black by 2000 pips. The pip value is pretty small so that huge spread you see doesn't hurt as bad as it would seem.

Another pet market of mine. We're right at 19 Pesos/ Dollar. Possible turning point, I'm in short. There has been news the past few days stating that Mexican officials are beginning to relax about Nafta. We could see some decent flow begin to come in at this level. Decent little setup, whether or not it'll become a decent trade is yet to be seen...

Maybe it's going to rise up, in my view, if the bottom proceeds like a "bowl".

Update : trade triggered

I'm glad you created this thread I have been looking for a usd/mxn thread.

does anyone know if Mexican unemployment numbers came out today?

Matter of days or few weeks it should work GOOD. Take care , fontu

Scotty, how's your trade doing?
Getting closer to 15!

anyone shorting near that trendline?

ok, i dont mean to brag, but that was one short i took and then price went down fast. no drawdowns

that was one helluva a ride, nice and quick pips for the weekend

Mabe sellers will come back

i see a beautiful long just above the wall

good hombres

it has taken a dive after hitting that 38.2 fibo level

Pair currently in a price channel, since a couple of weeks ago.
Decreasing RSI and hitting resistance at fib 50%, on a bearish trend since Trump's inauguration in Jan17'.
Already set Buy and Sell stops at 19.2337 and 19.0163 respectively, waiting for it to break either side.

went short today, maybe there will be more downside

spread can be big but my broker pays a big swap for selling