USDMXN back inside the channel

Jul 1, 2018

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

Jul 2, 2018

Note

Potencial short entry for this pair, looking at a H4 chart

Jul 2, 2018

Trade active

Sell limit order already active and running +60 pips

Jul 2, 2018

Note

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

Jul 2, 2018

Note

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

Jul 2, 2018

Note

Potencial Head and shoulders pattern to reentry the shorts

Jul 3, 2018

Trade active

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.