Possible double bottom on USDMXN

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.

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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.

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Going back up...

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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...

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

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

Trade closed: stop reached

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

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That's a scam!

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

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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.

MrRenev

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MrRenev

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