I've been buying 
USDMXN in the last 4 days, and now waiting to see if we break the resistance here.
We're long from 20.47961 on average, and looking to add some more above resistance.
The uptrend in the 6 month timeframe has time left until mid 2019, and the chart shows a relentless weakening of the Mexican peso, so, there's little to no reason to assume this trend will slow down or reverse, specially not now that we have someone like Donald Trump as POTUS. His policies might fuel a significant rally in the dollar against foreign currencies.
The key here is seeing if we break the resistance at 20.67081, and hold above it. So, let's keep an eye on it. Once you see a close above this level, we can start looking to add some more to longs, or, you can join the long trade if you're flat. Risk one average range or up to 3 average ranges under 20.67081 initially. I've used volatility to size my positions, but it's viable for me to keep a tighter stop now, slightly under my average entry. Eventually, we'll be able to move stop higher as we add to this trade.
Good luck,
Ivan Labrie.
USDMXN in the last 4 days, and now waiting to see if we break the resistance here.We're long from 20.47961 on average, and looking to add some more above resistance.
The uptrend in the 6 month timeframe has time left until mid 2019, and the chart shows a relentless weakening of the Mexican peso, so, there's little to no reason to assume this trend will slow down or reverse, specially not now that we have someone like Donald Trump as POTUS. His policies might fuel a significant rally in the dollar against foreign currencies.
The key here is seeing if we break the resistance at 20.67081, and hold above it. So, let's keep an eye on it. Once you see a close above this level, we can start looking to add some more to longs, or, you can join the long trade if you're flat. Risk one average range or up to 3 average ranges under 20.67081 initially. I've used volatility to size my positions, but it's viable for me to keep a tighter stop now, slightly under my average entry. Eventually, we'll be able to move stop higher as we add to this trade.
Good luck,
Ivan Labrie.
Ghi chú
If we hold above this level and close here or higher we'll be in excellent shape for more immediate upside in this pair.
Ghi chú
Acting well...Ghi chú
I've been adding during the pullback, have a full position and up 0.6% on it now.Ghi chú
Let's see if we manage to hold above the last key level. Once we do, it'll accelerate sharply to the upside.
Ghi chú
Doubled the position and trailed stops to 20.69Giao dịch đang hoạt động
I'm long on avg from 20.80 or so.Added more today after the London close.
Ghi chú
See updated idea.
Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
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Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.