USDMXN Sell the Pullback in a Bearish Channel (Daily & H4 FVG)
USDMXN Multi-Timeframe Technical Analysis (Daily H4 Intraday)
USDMXN remains in a strong bearish trend on the Daily timeframe, trading within a well-defined descending channel.
The recent impulsive move to the downside confirmed a break of structure, suggesting continuation after a corrective pullback, not a reversal.
Technical confluences:
Clear Daily bearish market structure
Impulsive breakdown and acceleration
Fair Value Gaps (FVG) acting as retracement zones
Premium sell zone aligned with previous support turned resistance
Trading Plan Sell the Pullback
Sell zone: 17.72 17.82
Stop Loss: Above 18.00 / 18.05 (structure invalidation)
Take Profit targets:
TP1: 17.55
TP2: 17.30
TP3: 17.00 (extended target)
Execution timing:
Entry confirmation preferred on H4 / M15, using bearish rejection signals such as:
Bearish engulfing
Strong upper-wick rejection
Lower-low break after pullback
Important note:
No long setups are considered while price remains below the bearish structure.
This scenario is invalidated only by a strong close above the key resistance zone.
This idea is based on price action, structure, and risk management. Not financial advice.