USDMXN chart analysis and why i took this position

Here we have USDMXN and i have put some analysis on the chart itself. We see on the 4hr + 1hr time frame on a uptrend so i was expecting another higher high created and was looking for price to come to my discounted area using fibonnaci. my golden pockets sitting at 71 and 78.6 we can see price come into this golden zone and have a nice clean reaction. after the initial move we saw price come back near to our entry with the bias continuing to the upside this could of been our second entry. We had very minimal drawdown from our buy limit entry

Trade chiuso: obiettivo raggiunto:

TARGET successfully reached a nice 1;10 achieved