USDMXN 1hr 1mo descending wedge breakout

3 Mar 2016

A short side breakout will be a sharp drop; long side will be a slow grind higher. Range is tightening as shown by the clumping moving averages.

4 Mar 2016

İşlem aktif

17.74658 short fill

7 Mar 2016

İşlem kapandı: durdurma seviyesi

17.83 close

7 Mar 2016

Not

Still possible for another attempt at a breakout

8 Mar 2016

İşlem aktif

17.7280 short fill

8 Mar 2016

İşlem kapandı: durdurma seviyesi

17.8429 stop and position reversal

8 Mar 2016

Not

This poorly drawn bottom part of the wedge cost me 2 trades, but third time looks like the charm

10 Mar 2016

İşlem kapandı: durdurma seviyesi

Losses could have been avoided by moving SL to breakeven but sadly I was out this week. Have to take this one on the chin.

10 Mar 2016

Not

17.67 stop