USD/MXN Trading Analysis (11/04/2024)

The U.S. Dollar Index (USDX) continues to steadily go up. The sloping truncated wave structure finished with the breach of the sloping channel. The entry point at pullback B and the truncated C is forming.

Trading idea:

Buy at the breach of 16.4706

Stop-Loss at 16.4130.

Target price levels at 16.5210 and 16.6050.

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