FX:USDMXN   Dolar U.S/Peso Mexico
57 0 5
There's huge probability that this pair will reverse and go bullish again soon especially with stronger USD again, but it's also possible that this pair will continue its current bearish trend in the short-run especially with a brief pause on its planned rate hikes. Either way seems ok to setup a stop trade order. For sell stop, my TP is between S4-S5 pivot lines (S2 on daily chart ). For buy stop, might setup several TPs depending on the price movement once it reverses up, but somewhere inside 18.5-19.00 (R1 and R2 pivot lines in the daily chart , and near base pivot line for the weekly chart).

http://www.forexlive.com/news/!/bk-of-mexico-carstens-mxn-has-room-to-appreciate-but-less-than-before-20170623

https://www.fxempire.com/forecasts/article/mexican-peso-reversing-419321

http://www.econotimes.com/Mexican-peso-likely-to-remain-volatile-USD-MXN-to-trade-around-1810-by-end-2017--Lloyds-Bank-771687

Daily:

Weekly:


Confidence: C (because of political risks in both countries)
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