USDMXN Potential Buying Zone
Hello Fellow Traders
USDMXN has reached 61.8% Fibonacci Retirement for Timeframe H4. I forecast that the price will make a sideway.
For the price to confirm uptrend, it must break the Wave 2 & Wave 4 trendline.
This will signify the last Wave 5 before going short. Maybe during US Presidential Election we can see that USD weaken.
USDMXN has reached 61.8% Fibonacci Retirement for Timeframe H4. I forecast that the price will make a sideway.
For the price to confirm uptrend, it must break the Wave 2 & Wave 4 trendline.
This will signify the last Wave 5 before going short. Maybe during US Presidential Election we can see that USD weaken.
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