USDMXN back inside the channel

USDMXN on daily have been respecting trendines until price broke above the trend line after 5 elliot waves and turns a takeout of the breakout on daily, we can see price back ranging inside the know channel

Comment:

Potencial short entry for this pair, looking at a H4 chart

Trade active:

Sell limit order already active and running +60 pips

Comment:

USDMXN already moving +170 pips in profit, at this moment protect your trade moving SL at the entry price, this will make a risky free trade. TP right at the 0.618 price

Comment:

USDMXN after presidential election price jumped close to the last resistance. Sell from that high

Comment:

Potencial Head and shoulders pattern to reentry the shorts

Trade active:

Reentry running on proving from last update, always important to look at the big picture and structure on bigger timeframes

+660 pips on profit so far.