USDMXN: Trump odds increasing soon?

We are out of the short in USDMXN for a combined profit of 2% in 2 days.
We can flip long here, with a wide stop speculating on a turn after retesting the weekly uptrend mode.
Maybe this suggests 'Trump odds' increase in the polls soon?

Good luck,

Ivan Labrie.

Comentário:

Seems like we were spot on going long, add to the trade, 1/2 size position same stop. We can risk up to 2% with this wide stop. We'll trail it to entry after we have good enough progress.

Comentário:

Instant progress. You may add a shorter term long here too, tighter stop at the low two days ago.

Risk 0.5-1%

Comentário:

***Yersterday's low for the stop

Trade ativo:

Still viable.

Comentário:

Go figure, USDMXN hit the weekly support, and Trump odds increased.

Comentário:

This would be an ok exit.

Comentário:

This was a good hedge to equities falling while it lasted.

Trade ativo:

Shorting, if we don't turn up for the day, we might go way down after the elections.

Comentário:

Good progress, matching initial risk.