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jojofang0901

USDMXN Is this the larger HTF structure to reverse the price ?

Long
U.S. Dollar / Mexican Peso (OANDA:USDMXN)  
jojofang0901 Updated   
OANDA:USDMXN   U.S. Dollar / Mexican Peso
Chart Patterns Parallel Channel Wedge priceaction structure pattern FLAG
12
0
chartpattern parallelchannel wedgepattern priceaction structure pattern flag

Hi everyone:

USD is getting strength, and I see a big potential on USDMXN to continue to the upside.

We see the price has form this sideway channel structure, more neutral correction on the HTF.

Latest price action we see a potential double bottoms are forming, an price is getting squeeze in this fallen wedge reversal structure.

Since price already pop to the upside, waiting for the confirmation correction here would be ideal for the next buy move.

thank you
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