McCarteen

Looking to short CAD/MXN

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FX_IDC:CADMXN   CANADIAN DOLLAR / MEXICAN PESO
After the big impulse move that ended at the 16 of April we saw an correction which is still till date unfolding. With wave c unfolding as an ending diagonal, we can expect a rapid rally to the upside as ending diagonals are characterized in that manner. Mind you shorting this pair is based on the fact that the short term trend is down.
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