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TheSignalyst

USDMXN top-down analysis

Long
U.S. Dollar / Mexican Peso (FX:USDMXN)  
TheSignalyst  
FX:USDMXN   U.S. Dollar / Mexican Peso
Trend Analysis Chart Patterns Technical Indicators USDMXN Forex Parallel Channel Demand Zone rejection trendfollowing reversal breakout
14
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trendanalysis chartpattern indicator usdmxn forex parallelchannel demandzone rejection trendfollowing reversal breakout
on DAILY: USDMXN is retesting a strong demand zone in green so we will be looking for objective buy setups on lower timeframes.

on H1: USDMXN formed an objective channel in red so we are waiting for a momentum candle close above the last swing that forms around our upper red trendline to buy.

meanwhile, until the buy is activated, we would be overall bearish
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