USD/MXN Possible Reversal Formation FOR NEXT WEEK

This idea is for demonstration and educational purposes and does not constitute a signal USD/MXN Possible reversal. This idea is not for today, given today is Friday and market activity is settling down. However, it's a possibility for next week. IF price respects the key support as noted, and as price reverses, there is a possible minimum 130 pip catch to the upside. We could catch more than 130 pips, but price can very well sell back down during the reversal. If price breaches key support, look for more movement to the downside. Always use proper risk management and trade at your own risk.

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Trade closed: target reached