From TradingView · · 30s
USDMXN Sell Trade Signal
Forex trader signals bearish shift in USD/MXN pair based on COT report.
In brief
Forex trader signals bearish shift in USD/MXN pair based on COT report. Forex trader predicts USD/MXN reversal due to extreme commercial positions in Commitment of Traders report. Originally reported by TradingView.
USDMXN SELL TRADE
Forex trader signals bearish shift in usd/mxn pair based on cot report.
“usdmxn sell trade for forexcom:usdmxn by vicofalltrade”
Commitment of Traders Report
commercial positions at extreme levels on 3-year and 1-year timeframes.
“i am going short on usd/mxn because the commitment of traders cot report shows that commercial positions are at extreme levels on both the 3-year and 1-year timeframes”
Bearish Reversal Likely
market may approach turning point increasing likelihood of reversal toward bearish bias.
“this suggests that the market may be approaching a turning point increasing the likelihood of a reversal toward a bearish bias in usd/mxn”
What matters most
Forex trader predicts USD/MXN reversal due to extreme commercial positions in Commitment of Traders report.
