USDMXN Short
Previous 3 weeks candles resulted in bearish wicks
Daily today was bullish but preceding 3 candles were bears
It appears we might have completed the 5th wave in wave C to complete wave 2
Ideally, would like to see price move below 20.04 (prior wave 4 low of wave 5) to suggest more weakness ahead so will wait if prices move in that direction before taking a short
Alternate is that wave 4 is not complete yet and were moving further in 5. Either way, a move above 20.95 invalidates the bearish count
Daily today was bullish but preceding 3 candles were bears
It appears we might have completed the 5th wave in wave C to complete wave 2
Ideally, would like to see price move below 20.04 (prior wave 4 low of wave 5) to suggest more weakness ahead so will wait if prices move in that direction before taking a short
Alternate is that wave 4 is not complete yet and were moving further in 5. Either way, a move above 20.95 invalidates the bearish count
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