its been a wild ride for USDMXN recently and i can see a uptrend starting to form in a new channel. we are waiting for a bounce of the supporting trendline around 22.2450 and then up towards the 0.382 fib level with TP set around 23.2550 - stop loss set around 21.8500 just below last lower low if it breaks past this it could be the start of a longer bull run. will be keep a close eye on the current short term reversing before entering this one.
this pair is extremely volatile do advise being cautious with risk.
my 2nd post on tradingview, any feedback always appreciated!
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