Contrary to prevailing sentiment, I see USDMXN moving higher short-term. Price action forming bullish flag on shorter TFs confirms this scenario. However, due to volume gaps below, I will be taking profits early. GL!
Comment:
We have not reached the 1st target yet, however, it might be good time to take partial profits, set SL to break even and let the rest run.
Comment:
However, I have noticed a possible bear flag on the weekly, if we break below, close position and short with all your might. GL
Trade closed manually:
in profit, as we broke lower trendline