Comfortable holding this for a while longer still. 22.6 has become a nice point of support, though PA will be interesting around 22.2 tomorrow if that's the direction we are heading, after that 22.0005 looks the biggest obstacle between here and ...

03.08.2020

Just to clarify for anyone that's confused, this is NOT my day to day system, its an unrelated journal on USDMXN so I can keep track of some trades

Melco, this is on M5, but can also be adapted to work on M1 or M15 if you want image

This is a ranging pair at the moment, looking for a good exit from my short before tomorrows central bank meeting, if not I will be stuck holding. Strong SR can be seen at 22.2 21.9 and 21.75 to the downside. To the upside just 22.75 Chart is H1

Good morning Pro, Ive gotten in on AUDUSD buy, TP for me is .6971, where I will exit and possibley look to short as mentioned yesterday. Green pips for all.

Thanks Pro. Ill let you know if/when I enter!

Good evening Pro, how are you? have you been trading AU yet this week? The moves have been quite sharp lately. I was looking at 0.697 for a potential short, I was looking to long today but didn't quite get close to planned entry at .68

Been short since 22.6, so far so good. ADR low is a little bit above key R of 22.2, its in sight and I will make my decision to exit depending on PA there. This may end up being a long term entry if we can finally break through.

Moved SL to BE. Should have taken profit when we ducked below 22.5

Central Bank of Mexico meets next week to announce overnight rate, cut expected between .25 and .50bps, so could be a way to go up yet on this pair from next week

Good chance of consolidation today between USD and most exotics, USDMXN included. No big moves expected till next week now so have taken short position to hedge other investments. Looing for 22.37, stop at yesterdays high.

Weve broken 22.72, a close above today and should be good to go long again for tomorrow

Got hammered a bit on that sell but had to cut my losses I don't see a lot of downside still for this pair

Expecting a tough day, USDMXN is ranging at the moment and has more room to the upside. 22.72 is possible and is close to the weekly high, below their is serious resistance at 22.2 and at best price may drop to 21.95 which is the wicks have dropped ...

Agreed, to many retail traders are short still, another push up seems likely. Also safe havens aren't performing as well as expected so far this week

Greetings I got fooled into taking a short postion last night and am now in a little bit of DD. My bias is still to the upside, 22.95 is key resistance point, might be a little high for today, but possible if things go wild, there should be no ...

That was a good time to exit shorts! Switching to the daily for a moment: 22.2 has now been broken, bias is to the upside with 23.25 in sight Edit, im currently not in this trade

Closed short with price beginning to stall. I don't need to look for a home run just take what you can. Watching PA between 22.2 and 21.7 now to determine next entry

TP hit on EC