EURMXN SHORT IDEA Live 3 Tops with euro Fundamentally a sell. the break of the channel and the trend lines is giving a short signal .
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EURMXN
EURMXN Long term analysisHello Traders, kindly like this idea if you love it and leave your thoughts in the comment section
Expecting the Euro/Mexican Peso pair to seek discount pricing (lower low) after it was met with bearish repricing at the 28.00 level. The OB on the Daily chart should be able to propel price lower attacking Sell-side liquidity and seeking discount prices at the Weekly Bullish breaker + BISI
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Get Prepared for a bull runON the monthly Time frame, we see that the market was rejected to the upside after making a retracement. And it is important to note that level was a nonetheless perfect spot for that retracement because it aligns with the 38.2 fib level. The situation is more interesting on the weekly because, after breaking the demand area created on the weekly we saw that the market came back to test back that level of demand . And apart from that, we see also that it created a W formation, and after the creation of the W formation we should expect the market to come and test the neckline before continuing the move to the upside (In fact this is what we said on our previous update, and things went as planed). On the Daily, the situation is more clear, the price is coming to test back the the trending which happens to be in the same area of the weekly support.. Everything is in harmony from the Monthly to the Weekly. But before we show how we can approach the situation, we want to see what the institutions and the banks are doing .
With the last report, they opened 3K longs once more and closed 15K shorts (very massive) for the EUR, and on the MXN, the opened 1K longs and also 1K shorts.. Making the EUR way more stronger than the MXN.. Right now technically and Fundamentally everything is in confluence.
SO the best way to approach this situation is, we are going to be monitoring price action on the Weekly support, if there is a change of trend on the 4H TF, then we are going to take a long with a good risk reward and a very good probability to the upside
EUR/MXN - Trade idea - Opportunity! EUR/MXN - Great opportunity.
I took the short from yesterday, as the pattern looked like bear flag as well as descending channel and various other aspects.
For now technical aspects: Below the support of 25.78 the bears could have further control and head towards the next support areas of 25.68 which matches out retracement of Fibonacci 161.8 area.
Above and going out of the channel we will have the bulls getting into control, the resistance areas - 25.89 above that we will have clear direction of bulls next resistance after we will be heading to Fibonacci retracement areas, 0.618 areas.
Do keep in mind, wait for clear break of the key levels and any patterns that may occur!
Remember: Just a trade idea, not a recommendation.
EURMXN - BREAK OUT!It's not a pair that I would usually trade, but it's an opportunity!
I like this pair a lot, been keeping an eye on it a lot. Now, it could break either way - Above high ends of 25 areas we could get a break out and could take the pull back trade up to the next resistance. However, if it breaks to the lower ends, below that key trend-line up and if you were to put 200 EMA as well is there as well then bears are back in control and take the next support as your profit area.
Great clean chart!
Remember: it's just trade idea, not a recommendation
Perfect short EUR/MXNDownwards trendline, rejected at the 50 day moving average on the daily chart, the price is also at the 0.382 FB retracement point from the price high set 6 april to the price low 3 june. Looking at the broader picture it can consolidate around the 0.5 fib retracement point set in february to the april high before seeing more downside. EU countries are highly dependent on tourism while the MXN is very much tied to oil prices, seeing as oil is on the rise and tourism isn't going to boom anytime soon, I will be bullish on the Mexican peso.
EURMXN 4HThere's a clear triangle pattern. We are close to testing the ascending line. Watch this test for another move up or and break-retest-fall.
EUR/MXN Possible shortTouching the 100 and 200 ma, further upside expected if it breaks the downtrend from 26 april.
EURMXN SELLING SHORTSell Eurmxn. Technical indicators show divergence, there's big probability of price reversing back to above mentioned zone.
EURMXN SHORTNice little alpha, follow me and I will share more if you are interested, I would love to help
EURMXN HIDDEN BEARISH DIVERGENCE Hidden bearish divergence appearing on the hourly chart. Placing a Sell Stop under the recent hourly low with a stoploss above the recent trendline high may lead into a trade position that has potential to fill the gap or retest the lows.
this strategy looks to take advantage of hidden divergence reversals and letting this instrument show it is making lower highs and lower lows allowing our order to be filled without chasing price or entering without some form of a reversal sign.
risk for all trades is 2.00% maximum
this particular trade yields a 1:6 risk reward
EURMXN Long Trade Weekly Chart.NOT FINANCIAL ADVICE
Follow the chart for buy and sell zones. Good luck traders.
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