Trump Bottomed the Peso, 2 months ago $EWW $USDMXN

I have been saying this since mid December that I think the Peso is putting in a multi year bottom. I called it at 22 and reiterating it now. 

Should you be shorting here? Probably not, but this is a sell rallies asset as $EWW and the Peso both have looked like they bottomed. $USDMXN 

Here is the daily, clear top at 22 is in place now, all rallies should be sold. 

Here is the weekly. This should bounce around 19.50 but I am looking to sell into this bounce. 


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s