Emerging Markets basket long trade idea.
Hello taders... quiet day at the office, so to speak... Had one great trade on BTC/USD (long) then one not-so-great trade on the same pair, but was profitable overall... Demo traders, I repeat, but still, it matters.
A bit unhappy with entering any trade on my watchlist pairs, so looked around and decided to approach my USD/MXN involvement by the back door, and took a look at an EM basket through my FXCM demo...
Went long earlier this morning as LatAm currencies are generally on the up (Colombian and Mexican Peso to name but two in 2021). Let us see if this long has legs. Target: 9750... Trailing stop loss at 9.556. Trade size: 200 contracts.
A bit unhappy with entering any trade on my watchlist pairs, so looked around and decided to approach my USD/MXN involvement by the back door, and took a look at an EM basket through my FXCM demo...
Went long earlier this morning as LatAm currencies are generally on the up (Colombian and Mexican Peso to name but two in 2021). Let us see if this long has legs. Target: 9750... Trailing stop loss at 9.556. Trade size: 200 contracts.