Possible Flat Channel on USDMXN

Short

U.S. Dollar / Mexican Peso (FX:USDMXN)

Updated

FX:USDMXN U.S. Dollar / Mexican Peso

Wave Analysis wavetrading wavetheory patterntrading peso USD short flatchannel

waveanalysis wavetrading wavetheory patterntrading peso usd short flatchannel

I am anticipating a flat channel formation here on this pair. Watch price as it reaches the bottom to see what reaction it gives us.

Comment:

snapshot

4hr and trade setup

Comment:

snapshot

Trade is running smoothly. Watch the next area for a continuation pattern to join short if you already haven't.

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