Shingi_Lesetedi
Long

Possible Buy Setup on USDMXN

FX:USDMXN   U.S. Dollar / Mexican Peso
USDMXN has pushed down into the demand area shown. We might see a reaction from this area to the upside. The falling wedge pattern is also about to complete. Stochastic RSI has not yet gone above 65 so this setup hasn't been confirmed yet. Possible target for this setup could be 19.29641 which is the resistance of the channel. According to me this is a strong counter trend trade so I would proceed with caution.
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