USDMXN: is the low in place?

Feb 21, 2020 - 5:40 AM EST

USDMXN: incontestable confirmation of a meaningful low - which I prefer to count as a wave 1 of a larger degree decline within the green (C).
Possible options are shown on the Micro charts; please be careful with longs on this corrective run - reversal to the downside may be huge.

BaseCase - MXN= - Primary D - Feb-21 0537 AM (1 day)

BaseCase - MXN= - Alternate 1 Micro - Feb-21 0536 AM (4 hour)

BaseCase - MXN= - Primary Micro - Feb-21 0537 AM (4 hour)

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