vlad.adrian
Short

USDMXN - multiple false breakouts

FX:USDMXN   U.S. Dollar/Mexican Peso
141 1 5
The weekly chart shows the importance of these breakouts
snapshot
. This is a trade worth playing for two reasons : the accuracy of the false breakouts and the carry you will get by shorting this.

The daily chart shows two huge kangaroo tails and a bearish divergence on the MACD histogram. Considering the weekly chart, I believe this is enough for a short. I was saying on the USDCAD             chart published earlier that taking profits will be a hard task. Well, if that is hard, what should we call it here?
26.11.2014 closed out
snapshot
Price broke resistance, and both weekly and daily impulses are green
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