- Expecting downward push to previous lows
- market is ranging; this is confirmation that market is consolidation in the identified levels - every time price reached identified levels, the market will react. Consider identified levels as psychologic levels for hedge fund dealers - Waiting for short entry - expecting push down; wait for price to break Feb top
- if it breaks top one more time then it will come back down for bigger corrective structure - looking for P = level 1.1850 - 1.1800
USDMXN at monthly and weekly support levels and with the DXY looking to reverse to the upside this week, we could see a reversal of the USDMN to the upside - lots of volatility.