Possible Falling Wedge forming
A short-term falling wedge appears to be under development on USDMXN which means price could correct upwards. What seems to strengthen this idea is the divergence forming on the Elliott Oscillator.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.