Can USD/MXN break out of a triangle [Video]

Gregor Horvat Wavetraders

Hello traders!

USDMXN started dropping from the 25.77 level, indicating that a wave III of a higher degree is completed, and that a wave IV is underway. We are observing an A-B-C pullback into a wave IV, with support at the 18.507 level.

USDMXN, weekly

Below you have a new VIDEO analysis for USDMXN, so make sure to check it out for more detailed view.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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