We are out of the short in USDMXN for a combined profit of 2% in 2 days. We can flip long here, with a wide stop speculating on a turn after retesting the weekly uptrend mode. Maybe this suggests 'Trump odds' increase in the polls soon?
Good luck,
Ivan Labrie.
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Seems like we were spot on going long, add to the trade, 1/2 size position same stop. We can risk up to 2% with this wide stop. We'll trail it to entry after we have good enough progress.
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Instant progress. You may add a shorter term long here too, tighter stop at the low two days ago.
Risk 0.5-1%
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***Yersterday's low for the stop
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Still viable.
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Go figure, USDMXN hit the weekly support, and Trump odds increased.
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This would be an ok exit.
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This was a good hedge to equities falling while it lasted.
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Shorting, if we don't turn up for the day, we might go way down after the elections.