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.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out