USDMXN. Correction to be activated after Wave 3 hits target
Despite my wrong prediction on USDMXN, I still believe Peso should take some territory from the USD in the upcoming weeks. Wave 3 targets have been hit today and it is a good moment to fall down in Wave 4 of 5. Notice also a huge bearish divergence on Weekly Timeframe
Will short this pair once DXY reaches 100 figures as per my DXY charts posted earlier. Will set a SL order at 21 ish and target 17.25 as a TP1.
Will short this pair once DXY reaches 100 figures as per my DXY charts posted earlier. Will set a SL order at 21 ish and target 17.25 as a TP1.
Trade ativo:
Shorted 21 ish. SL: 23, TP: 17
Comentário:
Moved to breakeven
Comentário:
Intermediate TP targets posted below
Comentário:
Keep holding a short position. Non of previous 3 weeks have closed above Fibo level 161%. Eventually, this week will not be closed higher as well and we can see a definitive reversal
Trade fechado manualmente:
Closed at breakeven. Will have to review the analysis
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
Last week someone took profits on all emerging market currencies, even the russian Rouble, which has been a "superstar" according to many investment banks, lost almost 10%. So, let´s just wait for the storm to calm down and then join the ride.