The808Trader

Exotic Drawback Setup: USD/MXN Short

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FX:USDMXN   美元 / 墨西哥比索
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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