USDMXN: Short....
Updated
I took a SMALL short on this:
It looks like it went back to resistance...and there was no divergence....oversold stochastics. I normally do not analyze this way, but I favor the rates on this pair...I was waiting for another opportunity to get the interest for at least one day.
RISK: Existing Home Sales coming out today. Yesterday "New Home Sales" were good. It can make or break this pattern. Also...I need Renko to turn red. It hasn't yet....
Regardless, I normally short lower, so this is a "bitter"-sweet spot for me.
It looks like it went back to resistance...and there was no divergence....oversold stochastics. I normally do not analyze this way, but I favor the rates on this pair...I was waiting for another opportunity to get the interest for at least one day.
RISK: Existing Home Sales coming out today. Yesterday "New Home Sales" were good. It can make or break this pattern. Also...I need Renko to turn red. It hasn't yet....
Regardless, I normally short lower, so this is a "bitter"-sweet spot for me.
Note
Zooming Out:Trade closed manually
I know its pays interest, but I took profit after I saw the US Dollar starting to rally up strongly. It tells you much that I do not care much about the interest payment at all. haha!!Trade closed: target reached
First target hit.! OI was in this thing..and noticed the dollar rallying and my USDJPY going up in profit. I just closed it. And look at what happened after that big rejection candle: Note
The light clue (cyan) color candle.. that was the rejection candle.
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