USD/MXN trading idea and technical analysis

The currency pair is in the 365 and 135 EMA range. Above the 135 EMA, a start fractal was formed. Breakdown of the start fractal will give the formation of an ascending wave structure within the general uptrend. Stochastic Oscillator indicator signals oversold.

Trading idea:

Buy on a breach of 20.230.

Stop Loss: 20.100.

Target levels: 20.360; 20.550.

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