USDMXN 🎯 Entry & Exit Strategy🚪 ENTRY: The Layered Approach
We're not going in with one big order. We're smart thieves, using multiple Buy Limit Orders to scale in and get a good average price. This is the core of the "Layering Strategy."
Suggested Limit Order Layers:
Layer 1: 18.55000
Layer 2: 18.50000
Layer 3: 18.45000
Feel free to adjust the number of layers and levels based on your own risk appetite and market structure.
🛑 STOP LOSS: The Escape Route
Every good thief has an exit plan. Our strategic bail-out point is:
Stop Loss: 18.40000 (Below a key support zone)
⚠️ Note to my Fellow Thief OGs: This is MY planned SL. You are the captain of your own ship! Manage your risk according to your own strategy. The goal is to make money and live to trade another day.
🎯 TAKE PROFIT: The Getaway
We're aiming for a strong resistance zone where the "police" (selling pressure) are likely waiting. We take our profits before we get to the barricade!
Profit Target: 18.80000
Why Here? This area is expected to act as a strong resistance, potentially coupled with overbought conditions. It's a profit-taking paradise!
💎 Key Reminder: This is MY target. You are free to take profits earlier or adjust your TP based on how price action develops. Secure your bags!
🔍 Pairs to Watch & Key Correlations
This trade doesn't exist in a vacuum. Keep an eye on these related instruments:
MXX / IPC Mexico (Mexican Stock Index): A strong Mexican economy can strengthen the MXN.
DXY (US Dollar Index): The USD side of the pair. A strong DXY generally boosts USD/MXN.
EUR/USD: The world's most popular pair often has an inverse correlation with USD pairs.
