USDMXN analysis

USDMXN

The descending wave pattern is truncated. The price pivot zone of 20.00 holds back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.

Stop loss under the local minimum (20.00)

Target levels: 20.28; 20.48.