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U.S. Dollar / Mexican Peso
Short
Updated

USDMXN testing the recent lows 🦐

280
After our last call on this pair (attached below), the market almost hit the expected target around 21.5000 area.
On the weekly chart market look on a bearish momentum with a possible break of the recent lows in the near future.
Price on the daily chart will probably test the daily structure before starting a bounce over it.
If the price will break below the structure we will monitor the market for a nice short order.
We will consider a long reversal only over the 22.0000 area

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Follow the Shrimp 🦐

Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.

USDMXN on a discending channel 🦐
Note
snapshot perfect bounce over support.
Note
snapshot Price breaking structure.
Note
snapshot New recent low. As expected

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