U.S. Dollar / Mexican Peso

Long

USDMXN: Uptrend active

Updated

USDMXN continues to trace the uptrend that started after the elections, and offers a chance to add to longs on dips to 21.6031, risking a decline under 21.3680. This level is also good to trail stops if you are long from lower levels as well.

Good luck,

Ivan Labrie.

Note

Doubled position and trailed SL in
s3.amazonaws.com/tradingview/snapshots/g/GpJJi8LU.png

Note

snapshot

We can reenter longs, since we were trailed out in profit.

Note

Excellent entry on the pullback so far:

snapshot

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(we basically caught the exact low)

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Nice move so far.

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ivanlabrie.substack.com/

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Related publications

USDMXN: Fading the irrational rally, viva Mexico!

USDMXN: Uptrend continuation here

USDMXN: Update

USD longs: P&L and max drawdown YTD

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