Channel Down on 1D. Short.

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USDMXN is aiming lower as it extends the 1D Channel Down formation (RSI = 31.723, MACD = -0.292, Highs/Lows = -0.1361, B/BP = -0.3496). This is part of a larger 1W Head and Shoulder's pattern that should later trade sideways on its neckline. For now we are shorting with TP = 18.16975.