slim7

USDMXN long setup D1

Long
OANDA:USDMXN   U.S. Dollar / Mexican Peso
Price bounced on trend line .We have a cypher pattern , a bullish engolfing candle , stochastic indicator shows that price was in oversold zone and we have a double bottom pattern in formation . Expect the price to go up test previous key levels ; for a buy at actual price 19.1316, TP at 19.543 (The 0.382 fib retracement of the last downward movement ) and SL at 18.9393 you get a RR of 2.14 .
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