Rejection of trendline means a move South for the Peso

FX:USDMXN   U.S. Dollar / Mexican Peso
33 1 3
I love trading this pair! It has a technical obedience that most currency pairs don't follow.

A trendline on the daily has formed and with some divergence in play I feel that the triangle pattern formed will be in play for the next few weeks and therefore a retracement to the Fibs identified could be in play. Tight stops above the trendline and targets 1 & 2 to be used.

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Just an update on what I think will happen...

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