Possible double bottom on USDMXN

18. Sept. 2019

Hello, I have reasons to believe USDMXN could bounce.

You can wait for the FOMC press conference in 3 hours.

Price is going up.

You may want to buy on a higher high here:



The leg down is very extended and about now would be a good time for a bounce:



It's possible in a few hours news make the price go up very quickly.

I'm comfy because I risk little to make alot, no point overthinking it, this looks good to me.

19. Sept. 2019

Anmerkung

Mooning!

Not touching my stop till we get close to the neckline.

Some people move their SL to breakeven as soon as the price goes their way but I don't want to get kicked out prematurely of big winners 70% of the time.

19. Sept. 2019

Anmerkung

Going back up...

19. Sept. 2019

Anmerkung

Come on that support level held. Can we get some big buying now? :D



Week is almost over, I guess we'll have to wait next week to see if it keeps going up and if we go above the major neckline...

20. Sept. 2019

Anmerkung

Ok time to move that SL up.
If it retraces that much again it is not normal.
Taking too long...

20. Sept. 2019

Anmerkung

Too slow, too much hesitation, for me not to move my SL.

23. Sept. 2019

Trade geschlossen: Stop wurde erreicht

Just too sluggish and also rollover is so high.
I am out, small profit.

27. Sept. 2019

Anmerkung

That's a scam!

If I was still in I'd be trailing. All the way to the moon. To the Bentley.

18. Okt. 2019

Anmerkung

Actually it went all the way to the top of the line I drew.

Time to look back at it...



It would be a big winner, not huge, not like with the pound recently.

If I waited for 3 or 4 R before trailing my stop I'd catch the move.

This one was pretty hard to stay into.

To ponder.