USDMXN: Buy the dips

USDMXN has a very clean trend since it broke out of a consolidation in December.
Right now it has up to 10.80% upside, with only 1.5-2% downside risk.
I'll be buying a retracement after today's close, and aiming to add to the trend as it evolves.
This is a very simple setup, with great R multiples for the trend trader.

Cheers,

Ivan Labrie.

Commento:

Fill not coming yet, looking to enter anyway.

Trade attivo:

I got in using discretion after seeing my fill missed by spread and peanuts.

Commento:

Good progress. Looking to add.

Trade chiuso manualmente:

I closed for now, almost at the target and showing signs of a potential retrace incoming.
I'll add on dips.

Commento:

Buying dips, selling rallies.

Trade chiuso: stop raggiunto:

Retracement to the mode expected now, after hitting target so fast. My last long was stopped, so I'm out of this trade.

Commento:

Potential top spotted, the recent stopped out trade was a warning that the rally was about to end.

Commento:

USDMXN confirmed a downtrend and it has gigantic downside!

Trade attivo:

Good idea to exit shorts and flip long.