on DAILY: USDMXN is retesting a strong demand zone in green so we will be looking for objective buy setups on lower timeframes.

on H1: USDMXN formed an objective channel in red so we are waiting for a momentum candle close above the last swing that forms around our upper red trendline to buy.

meanwhile, until the buy is activated, we would be overall bearish
breakoutChart PatternsDemand ZoneForexTechnical IndicatorsParallel ChannelrejectionreversalTrend AnalysistrendfollowingUSDMXN

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