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. This suggests that the market may be approaching a turning point, increasing the likelihood of a reversal toward a bearish bias in USD/MXN.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.