How i am playing the Mexican Peso here

In my previous post from earlier today i pointed out a simple technical point on a text book bullish (bearish for peso) chart for the Mexican Peso.

Received an email asking how i would play it if convinced it were about to move…and i am.

The ISHARES MSCI Mexico Capped ETF (EWW) is probably the easiest and most liquid vehicle on which options can be had. In this case put options.

Here is the chart of that ETF which is confirming what i see on the Peso itself (inverse correlation).







The best charting teacher I know:
The Morning Analysis Service by Paul Coghlan

1 comment

  1. samuel   •  

    Nice trade.

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