USDMXN still waiting for the correction break Long

FX:USDMXN240

U.S. Dollar/Mexican PesoFXCM

Description

⋅ Oct 23, 2016 11:22 PM

USDMXN still waiting for the correction break, can still hit the red trendline. Divergence missing.

Comment

⋅ Oct 30, 2016 9:29 PM

Too late to enter now, wait for a retracement

Comment

⋅ Nov 2, 2016 9:18 PM

It has been a great trade so far

Comments

PippyLongStackings

⋅ Nov 2, 2016 10:41 PM

are you expecting a pull back to the 38.2 fib before continuing up?

TAS_is_Goliath_Capital_Growth

⋅ Nov 3, 2016 12:10 AM

I think a deep retracement, something like this

PippyLongStackings

⋅ Nov 3, 2016 1:42 AM

I think so to I'm still learning but I drew it up on my phone and I do see an overall uptrend but it is retracing I plan on shorting and getting a good position for long. Thanks your mark ups help.

TAS_is_Goliath_Capital_Growth

⋅ Nov 3, 2016 1:50 AM

glad to hear that.

IvanLabrie

⋅ Oct 24, 2016 2:12 AM

This is highly likely.

TAS_is_Goliath_Capital_Growth

⋅ Nov 3, 2016 12:08 AM

Thanks Ivan, As always. I only now saw the comment, sorry.