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asiansupermarket

USDMXN 1hr 1mo descending wedge breakout

U.S. Dollar / Mexican Peso (FX:USDMXN)  
asiansupermarket Updated   
FX:USDMXN   U.S. Dollar / Mexican Peso
USDMXN usdmxnbreakout
3
0
usdmxn usdmxnbreakout
A short side breakout will be a sharp drop; long side will be a slow grind higher. Range is tightening as shown by the clumping moving averages.
Trade active:
17.74658 short fill
Trade closed: stop reached:
17.83 close
Comment:
Still possible for another attempt at a breakout
Trade active:
17.7280 short fill
Trade closed: stop reached:
17.8429 stop and position reversal
Comment:
This poorly drawn bottom part of the wedge cost me 2 trades, but third time looks like the charm
Trade closed: stop reached:
Losses could have been avoided by moving SL to breakeven but sadly I was out this week. Have to take this one on the chin.
Comment:
17.67 stop
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