USDMXN: Fading the irrational rally, viva Mexico!

FX:USDMXN   Dolar U.S/Peso Mexico
This morning I bought an $MXF stake at the open, and shorted USDMXN             at 20.0022. I think we might be in the presence of an 'ending diagonal triangle', or terminal wedge , in Elliott Wave parlance, in particular according to the Neowave rules. If that's the case, we will a see brutal rally in the Peso, sending USDMXN             down to 16.43 in approximately the time the arrow indicates on chart. My clients are long MXF             but not in the USDMXN             trade, it is a higher risk trade, so only take it if you have higher risk tolerance and don't risk over 1% on it.

The initial move in equities and the peso made absolutely no sense in my opinion after discussing it with Tim West. We've been buying on weakness today, along with my clients and the people over at the Key Hidden Levels chatroom -and with great results if I may add-. Apparently Carl Icahn tagged along, buying a neat 1 billion worth of stocks today.

Good luck,

Ivan Labrie.
Komen: The market overreacted to Trump's election beyond what I had expected. This trade won't be viable until Trump mentions problems with his south border wall perhaps.
I'm out for now.
Komen: /you could hedge it buying GVA (granite)/
Perdagangan aktif: Shorting a new daily low.
Mmmm, I think that your idea could be correct but not now, you are entering to soon. Wait will 1 week of December circa 6 Dec in order to enter on EM. 10US bond yield will keep on climing .. my opinion
IvanLabrie PRO showerreport
@showerreport, yes, please read the update, I just said this won't be safe for now.
showerreport IvanLabrie
@IvanLabrie, I think you are targeting the incorrect fundament. In my opinion you should check monetary us policy. If you are a quant, you will understand it in a matter of seconds. in orther to get a more safe and precise forecast I recomend you to switch no another system and avoid technicall analysis (becasuse is temporal if things are ceteris paribus which reality probes that nothing is constant becasue of the underlying human behavior). Take ir or leave it.
IvanLabrie PRO showerreport
@showerreport, review my published charts please. Take it or leave it. :)
There's no reason for the Peso you go that low... 16.**
IvanLabrie PRO ElRanchitoAS
@ElRanchitoAS, we'll know soon enough.
Bahasa Melayu
English (UK)
English (IN)
Bahasa Indonesia
Tiếng Việt
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar