Selling only after the retest of the HMA **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management**
So the short position a few weeks ago went beautifully, you can check on my profile. We arenow looking for reversal
A short trade on USD/MXN pair initiated today. The trade is a long term position, which have the characteristics of carry trade (giving interest of about 4.5% y/y for keeping it) and very favorable risk reward of 1.51.
Mexico’s peso slump leaves currency experts unnerved as Trump uncertainty takes hold. A further fall in the price of the Mexican peso Thursday has left market participants cautious on where the currency could be heading next, with new policy announcements by the Trump administration adding to a high level of political uncertainty. "We see MXN (the Mexican peso) at...
Pair approaching supply level. Entry : 19.4724 Stop : 19.5827 After filled and level reaches 19.3531, move stop down to entry or collect profits.