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The808Trader

Exotic Drawback Setup: USD/MXN Short

Corto
Dólar estadounidense/Peso mexicano (FX:USDMXN)  
The808Trader  
FX:USDMXN   Dólar estadounidense/Peso mexicano
Trend Analysis Chart Patterns Technical Indicators USDMXN usdmxnshort Bearish Patterns Ichimoku Cloud the808trader peso dollar greenback
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trendanalysis chartpattern indicator usdmxn usdmxnshort bearish ichimokuclouds the808trader peso dollar greenback
We're going exotic for this one! I am looking for a drawback setup here and I've drawn my entry at a break of previous price structure support. My overall target will be the flat Kijun sen that is forming, and I've marked up some price structure to targets to aim for as well. Since this is only slightly more than a 2x risk to reward, I'll be taking a smaller risk trade for this one. If we fail to break support, this setup will become invalidated.
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