btocastillon
Short

USDMXN back inside the channel

FX:USDMXN   U.S. Dollar / Mexican Peso
USDMXN on daily have been respecting trendines until price broke above the trend line after 5 elliot waves and turns a takeout of the breakout on daily, we can see price back ranging inside the know channel
Comment: Potencial short entry for this pair, looking at a H4 chart

Trade active: Sell limit order already active and running +60 pips

Comment: USDMXN already moving +170 pips in profit, at this moment protect your trade moving SL at the entry price, this will make a risky free trade. TP right at the 0.618 price

Comment: USDMXN after presidential election price jumped close to the last resistance. Sell from that high

Comment: Potencial Head and shoulders pattern to reentry the shorts
Trade active: Reentry running on proving from last update, always important to look at the big picture and structure on bigger timeframes

+660 pips on profit so far.

La izquierda gana por primera vez una elección presidencial en Mexico.

El análisis fundamental es mucho más significativo que el técnico al momento.
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@OmarGro, USDMXN turned to bullish..:(
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btocastillon aristotelis.tso
@aristotelis.tso, i took 200 pips for the entry given above before market when bullish, whenever your trade is running more more that 30 pips move your stop loss above the entry, USDMXN is still showing bearish on the big picture, at this moment is all about following structure
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@OmarGro, ese fundamental solo sirvio para empujar el precio a la reaistencia bajada, desde donde se derritio el precio. La dirección del precio siempre serq la de las altas temporalidadea
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!!!!
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ya en profits !!! xD
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btocastillon CristianRamos
@CristianRamos, yeaaaah!! vamos ganando!!
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Hola Alberto no afectaría en nada las elecciones presidenciales de México???
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btocastillon RicardoIntriago
basado en análisis tecnico la tendencia es bajista, podria el precio verse afectado en un cierto rango de pips, pero difícil se ve que cambie la tendencia en general. Lo que más afectaría el precio al alza sería que ganará algún candidato que no va de acuerdo al voto general
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Where should TP be?
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