15.02.2021
USDMXN
The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. Completion of the descending truncated pattern with the formation of the ascending one will result in an entry point at truncated C.
Trade idea:
Buy when a rising wave pattern is formed, where wave (A) pierces downward sloping channel pattern.
Stop loss under the local minimum of the descending pattern.
Target levels: 20.280; 20.480.
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