USDMXN: Buy the dips
Updated
USDMXN has a very clean trend since it broke out of a consolidation in December.
Right now it has up to 10.80% upside, with only 1.5-2% downside risk.
I'll be buying a retracement after today's close, and aiming to add to the trend as it evolves.
This is a very simple setup, with great R multiples for the trend trader.
Cheers,
Ivan Labrie.
Right now it has up to 10.80% upside, with only 1.5-2% downside risk.
I'll be buying a retracement after today's close, and aiming to add to the trend as it evolves.
This is a very simple setup, with great R multiples for the trend trader.
Cheers,
Ivan Labrie.
Note
Fill not coming yet, looking to enter anyway.Trade active
I got in using discretion after seeing my fill missed by spread and peanuts.Note
Good progress. Looking to add.Trade closed manually
I closed for now, almost at the target and showing signs of a potential retrace incoming.I'll add on dips.
Note
Buying dips, selling rallies.Trade closed: stop reached
Retracement to the mode expected now, after hitting target so fast. My last long was stopped, so I'm out of this trade.Note
Potential top spotted, the recent stopped out trade was a warning that the rally was about to end.Note
USDMXN confirmed a downtrend and it has gigantic downside!
Trade active
Good idea to exit shorts and flip long.
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