Long

Updated

USDMXN : Things to Know

Predicting an actual target after a move like that is almost impossible.
This pattern is highly likely to produce a continuation of the price action leading up into it; it’s a classic triangle.
This fact we have just examined, in a normal situation would be enough to say easily, well now is another time to long, on a breakout play.
The triangle appears most valid on the daily; as although the wick violates the triangle, the reaction is quite violent;
The triangle at this point is in the final stages of completion. A breakout or breakdown is to be expected before April is over.
The strength behind the US Dollar is largely panic driven and therefore extremely prone to a hard fall
All markets clearly aware some type of tomfoolery is going on; at some level.
Caution is to be taken with MXN. It ranges hard on the daily. Good luck.

Trade active

24.27 long trailing stop

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Alright, this is the same scenario we talked about with SPX. HH/HL in these fib channels. You can sit and scalp these all day. I took my original position at 24.27 and added at the first orderblock to touch the .618 fib. I have circled each place I took a position.

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Fibonacci time zone ready to change tomorrow/today

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This pair is always choppy asf but luckily we have great entries already. Even throughout the night I didn’t have any of these positions go negative on me. I would however like to see this happen today so I can get out of this pair.

Really don’t like to trade exotics as they can be tricky; made an exception here but it really shouldn’t be a habit.

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This would be maddening if i didn’t expect it already. Shaping up for a great hourly close as NYC has been open for a while now. Now we will see the volume coming back into exotics for the next few hours.

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Flaaaaav stop this crazy thing

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Flaaaaaaaaav
Drop this crazy song ya sing

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Say unga bunga bunga g

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Friday New York session is a party!

Might take profit soon for the weekend

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Toss up on the 15. Cool off or total parabola madness?

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I kept 2/3 of positions open. Best scenario (likely scenario) for bulls is to retrace to the gold line and continue. But the R/R for holding is pretty good so I took it.

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Looks like yume wave could be set up just right for 2-3 more bear candles on the 15 and then a buy signal. I do like the small timeframes because AS LONG AS you maintain awareness of the situation on the daily or whatever, I’m not sure how some traders would expect to find the best entries, without using the hourly/15m charts.

I’m not saying trade the 15, I’m saying trade the daily and find your entries and exits on the 15.

Every time the 15m stages a reversal, you then look to the hourly, then the four hour, 12, so on...it’s a chain of events. Our job is to find the time when all the events line up the way we want them to.

So when I post 15m charts, don’t think I’m advocating for you to stare at them all day. I’m saying, sometimes you need to zoom out, and sometimes you need to zoom in. The 15m does in fact matter.

Happy weekend all =)

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Hi all. Be advised that the daily is now a 9 meaning the trend could break soon

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Added back to longs with another position. Maybe just a scalp, maybe ill let it run.

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Here’s the situation on the 15m

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A positive rally type scenario is in full swing at the moment

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Trying to find our bottom here

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Retracement* bottom sorry

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Waiting for a breakout here, hopefully going into the Asian session this will spark some buying

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On time

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Pretty big retrace, if you want to go long you should probably wait for it to test the triangle first

vox-populi

Related publications

USDMXN Long

by vox-populi

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