USDMXN - Looking Bullish
Updated
USDMXN has broken the major downtrend line with some strength and appears to be making a corrective move at the moment. (possible retest)
Now we have to wait how it will react at the Fibonaci levels that converge with the retest of the bearish trendline and with our daily SMMA (Red line), if there is a bullish rejection pattern it could be a good place to open a Long position.
Now we have to wait how it will react at the Fibonaci levels that converge with the retest of the bearish trendline and with our daily SMMA (Red line), if there is a bullish rejection pattern it could be a good place to open a Long position.
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Comment
Bullish move faster than I expectedComment
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