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Metxa

USDMXN Potential Buying Zone

U.S. Dollar / Mexican Peso (FX:USDMXN)  
Metxa  
FX:USDMXN   U.S. Dollar / Mexican Peso
Chart Patterns Trend Analysis Wave Analysis USDMXN
2
2
chartpattern trendanalysis waveanalysis usdmxn
Hello Fellow Traders

USDMXN has reached 61.8% Fibonacci Retirement for Timeframe H4. I forecast that the price will make a sideway.
For the price to confirm uptrend, it must break the Wave 2 & Wave 4 trendline.

This will signify the last Wave 5 before going short. Maybe during US Presidential Election we can see that USD weaken.

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