USDMXN 1hr 1mo descending wedge breakout

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.

Operación activa:

17.74658 short fill

Operación cerrada: precio stop alcanzado:

17.83 close

Comentarios:

Still possible for another attempt at a breakout

Operación activa:

17.7280 short fill

Operación cerrada: precio stop alcanzado:

17.8429 stop and position reversal

Comentarios:

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

Operación cerrada: precio stop alcanzado:

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.

Comentarios:

17.67 stop