IvanLabrie

USDMXN: Buy the dips

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FX:USDMXN   Dolar A.S. / Peso Mexico
USDMXN has a very clean trend since it broke out of a consolidation in December.
Right now it has up to 10.80% upside, with only 1.5-2% downside risk.
I'll be buying a retracement after today's close, and aiming to add to the trend as it evolves.
This is a very simple setup, with great R multiples for the trend trader.

Cheers,

Ivan Labrie.
Komen:
Fill not coming yet, looking to enter anyway.
Dagangan aktif:
I got in using discretion after seeing my fill missed by spread and peanuts.
Komen:
Good progress. Looking to add.
Dagangan ditutup secara manual:
I closed for now, almost at the target and showing signs of a potential retrace incoming.
I'll add on dips.
Komen:
Buying dips, selling rallies.
Dagangan ditutup: hentian tercapai:
Retracement to the mode expected now, after hitting target so fast. My last long was stopped, so I'm out of this trade.
Komen:
Potential top spotted, the recent stopped out trade was a warning that the rally was about to end.
Komen:

USDMXN confirmed a downtrend and it has gigantic downside!
Dagangan aktif:
Good idea to exit shorts and flip long.

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