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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.