USDMXN back inside the channel

USDMXN on daily have been respecting trendines until price broke above the trend line after 5 elliot waves and turns a takeout of the breakout on daily, we can see price back ranging inside the know channel

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Potencial short entry for this pair, looking at a H4 chart

İşlem aktif:

Sell limit order already active and running +60 pips

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USDMXN already moving +170 pips in profit, at this moment protect your trade moving SL at the entry price, this will make a risky free trade. TP right at the 0.618 price

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USDMXN after presidential election price jumped close to the last resistance. Sell from that high

Yorum:

Potencial Head and shoulders pattern to reentry the shorts

İşlem aktif:

Reentry running on proving from last update, always important to look at the big picture and structure on bigger timeframes

+660 pips on profit so far.