IvanLabrie
Long

USDMXN: Buy the dips

FX:USDMXN   U.S. Dollar/Mexican Peso
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.
Comment: Fill not coming yet, looking to enter anyway.
Trade active: I got in using discretion after seeing my fill missed by spread and peanuts.
Comment: 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.
Comment: 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.
Comment: Potential top spotted, the recent stopped out trade was a warning that the rally was about to end.
Comment:
snapshot


USDMXN confirmed a downtrend and it has gigantic downside!
Trade active: Good idea to exit shorts and flip long.
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