asiansupermarket

USDMXN 1hr 1mo descending wedge breakout

FX:USDMXN   U.S. Dollar/Mexican Peso
9 months ago
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 .
9 months ago
Trade active: 17.74658 short fill
9 months ago
Trade closed: stop reached: 17.83 close
9 months ago
Comment: Still possible for another attempt at a breakout
9 months ago
Trade active: 17.7280 short fill
9 months ago
Trade closed: stop reached: 17.8429 stop and position reversal
9 months ago
Comment: This poorly drawn bottom part of the wedge cost me 2 trades, but third time looks like the charm
9 months ago
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.
9 months ago
Comment: 17.67 stop