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USDMXN Can we see the bullish impulse to start the up move?
U.S. Dollar / Mexican Peso
Long
USDMXN Can we see the bullish impulse to start the up move?
By jojofang0901
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Updated
Sep 20, 2020
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Sep 20, 2020
Hi traders:
I have been following USDMXN for quite sometimes now.
Liking the overall price action, we broke the previous lows, potential forming a double bottom on the HTF.
We see a descending type o f channel to push the price down, and another LTF descending channel, very good indication of a possible reversal.
Latest price see some bullish momentum on the LTF.
I see 2 possible buy options:
Either a small push up and small correction entry
or
Wait for price to complete break out of the larger channel, and LTF continuation correction to buy
Look for the recent tops as the potential target.
Thank you
Sep 20, 2020
Comment
HTF:
Sep 22, 2020
Comment
Look for more LTF corrections to get in the buys.
Chart Patterns
Flag
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
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