19.11.2021
The resistance level of 20.890 held back the buyers. The currency pair trades within an upward price channel formed on the TF H1. A bearish divergence has formed on the Awesome Oscillator. An entry point for sale is formed on the rollback B.
USDMXN rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending pattern of the H2 level.
Stop Loss: above the resistance level of 20.890.
Target levels: 20.470; 20.270.
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