Don’t be tricked by the apparent double top formation before…

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Quick Technical Analyses trading pair USDMXN

First Point theres a Hidden Divergence between price and the RSI (Green Lines)
This is a Bullish Trend

Second, ascending wedge is forming, another bullish pattern.

Only Bearish pattern is the the double tops, which was my first thought going into the trade. My price target for next week is 24.5 pesos if the bullish trends continues. Personally I was hoping for a double top but i'm not so sure anymore.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.