Description
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Hello traders:
Liking the price action on USDMXN for a reversal price action from the bottom.
WE can see overall price action is in this larger, HTF channel structure.
Price is corrective in nature within the channel, and finally we see some reversal price action at the bottom.
Latest price gives us a recent double bottoms, descending channel at the bottom fo the HTF structure.
Last thing I would like to see is a breakout from the descending channel, and look for LTF continuation correction for the buys.
Thank you