btocastillon

USDMXN back inside the channel

Short
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FX:USDMXN   USD/MXN
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
Commentaire:
Potencial short entry for this pair, looking at a H4 chart

Transaction en cours:
Sell limit order already active and running +60 pips

Commentaire:
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

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

Commentaire:
Potencial Head and shoulders pattern to reentry the shorts
Transaction en cours:
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.


Idées en relation

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