USDMXN Bullish ABCD
Updated
I entered about here. Seems to be a bit past the 1.272 already but that's never perfect. Use a tight stop as invalidation of ABCD is not far below.
Good luck traders.
Good luck traders.
Comment
the mistake in this trade was taking it too early. luckily I did hold onto it and we have now some positive price action. We'll see what we get for the rest of the weekupdated ABCD with full 1.618 ext..
Comment
nice Comment
really enjoying the fees on this oneComment
finallyComment
takeaway on this trade is as always: patience. target 1 is hit now, (AB leg bottom) I am looking to close mostly at target 2. Swap fees pretty high now because the entry was taken too early. A learning point for the future, but still a good analysis and now a good trade also. I normally don't like to hold positions so long as fees affect your judgement, so much so that I added to my position here last night and closed BEFORE the pump. These are symptoms of bad trade practice...can't be repeating this mistakes going forward. Comment
Target 2 on the chart is still accurate btw. BC leg height - not affected by CD leg extending all the way to 1.618So TP is auto set for 19.7
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