USDMXN Bullish ABCD

Oct 24, 2019

I entered about here. Seems to be a bit past the 1.272 already but that's never perfect. Use a tight stop as invalidation of ABCD is not far below.

Good luck traders.

Oct 29, 2019

Note

the mistake in this trade was taking it too early. luckily I did hold onto it and we have now some positive price action. We'll see what we get for the rest of the week

updated ABCD with full 1.618 ext..

Oct 31, 2019

Note

nice

Nov 8, 2019

Note

really enjoying the fees on this one

Nov 12, 2019

Note

finally

Nov 12, 2019

Note

takeaway on this trade is as always: patience. target 1 is hit now, (AB leg bottom) I am looking to close mostly at target 2. Swap fees pretty high now because the entry was taken too early. A learning point for the future, but still a good analysis and now a good trade also. I normally don't like to hold positions so long as fees affect your judgement, so much so that I added to my position here last night and closed BEFORE the pump. These are symptoms of bad trade practice...can't be repeating this mistakes going forward.

Nov 12, 2019

Note

Target 2 on the chart is still accurate btw. BC leg height - not affected by CD leg extending all the way to 1.618

So TP is auto set for 19.7