IvanLabrie
Long

USDMXN: Trump odds increasing soon?

FX:USDMXN   U.S. Dollar/Mexican Peso
We are out of the short in USDMXN             for a combined profit of 2% in 2 days.
We can flip long here, with a wide stop speculating on a turn after retesting the weekly uptrend mode.
Maybe this suggests 'Trump odds' increase in the polls soon?

Good luck,

Ivan Labrie.
Comment: Seems like we were spot on going long, add to the trade, 1/2 size position same stop. We can risk up to 2% with this wide stop. We'll trail it to entry after we have good enough progress.
Comment: Instant progress. You may add a shorter term long here too, tighter stop at the low two days ago.

snapshot


Risk 0.5-1%
Comment: ***Yersterday's low for the stop
Trade active: Still viable.
Comment: Go figure, USDMXN hit the weekly support, and Trump odds increased.
Comment: This would be an ok exit.
Comment: This was a good hedge to equities falling while it lasted.
Trade active:
snapshot


Shorting, if we don't turn up for the day, we might go way down after the elections.
Comment: Good progress, matching initial risk.

snapshot
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