USDMXN Is Finishing A Bearish Running Triangle
May 31, 2024

USDMXN

We talked about USDMXN on May 20, we also shared an article, where we mentioned and highlighted an ongoing consolidation within a larger bearish running triangle pattern. CLICK HERE

As you can see today, USDMXN stops at the lower side of a range as expected and it can be now making final wave E of a bearish running triangle within higher degree wave (IV). Once wave E of (IV) is fully complete, watch out for a bearish resumption within higher degree wave (V).

USDMXN Is Finishing A Bearish Running Triangle USDMXN Daily Chart
USDMXN Daily Chart

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