USDMXN Bullish ABCD

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.

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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 week

updated ABCD with full 1.618 ext..

Kommentera:

nice

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really enjoying the fees on this one

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finally

Kommentera:

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.

Kommentera:

Target 2 on the chart is still accurate btw. BC leg height - not affected by CD leg extending all the way to 1.618

So TP is auto set for 19.7