Get started
U.S. Dollar / Mexican Peso
Short

Revaluation on TACO

By CHASEITTRADING
Updated
USDMXN Here is my new markup. Looking to be bearish. A stronger sniper entry supported by multiple timeframes, liquidity buildup at the bottom of the chart, a nice healthy gap in price and a possible break and retest of structure.
Comment
Some divergence is also seen and this trade is RR is 1:3
Comment
trade's*
Comment
Correction this trade is 1:4 and currently about 500pips in profit
Comment
snapshot
Comment
I see TACO reversing to correct its down word movement, but stay staying bearish long-term. A new low and divergence was created backing my theory.
Comment
Stop loss was hit on Trade 2 (I was greedy and went against the trend, I know rookie move) over trade still in BIG profits. snapshot
Comment
TACO corrected its self a little later than I thought, but it was expected. Possible SELL entry supported by pivot indicator, a major sup/res area and divergence. Creating a sniper opportunity for us. snapshot
re-entryTrend Analysis
CHASEITTRADING

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.