EURMXN trade ideas
EURMXN Long First price is at previous support and is also forming divergence on the 4hr time frame, which is where I normally like trading divergence, and the D1 as well .. A trade I'll definitely be taking once price rejects the zone properly ..
Long on EURMXNI’ll need to look at fundamentals before I would decide to take this trade, but it there is a breakout of the trend line then it could be a possible indication to take the trade
I am a new trader so all criticism that you have would be greatly appreciated. I’m still trying to learn so let me know how I can improve!
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 .
GOOD LUCK
Euro Struggling to surpass. Sell ! based off my analysis i believe this will be the best time to sell euro. However we are still waiting for the markets to react on monday than psosibly this week. make sure to keep a close eye. This is most likely going to be a bull run downwards.
EUR/MXN - Opportunities! Technical outlook towards EUR/MXN
We were messaged to analyse this pair, since we last looked at this pair was July - Great momentum it has had. It was 1hr chart this time, I am going through daily - Why?
***Higher time frame indicates shorter time frame of movement! ***
Technical outlook:
Pattern wise - we are being squeezed within price action of a triangle formation but within that we do have a smaller bullish flag occurring which if you go through 4 hr it hasn't broken towards upside yet and we are at support of this pattern.
Shorter Trade Plan: Going towards 4hr you could add Fibs retracement and the target for this bullish flag would be 26.52767 and that's the resistance of this formation as well as top of the range is has been for while. (Following the pattern and inner small flag pattern) For further confirmation a close above 50 EMA.
Longer term trade plan: You could play the shorter role of the 4hr and even 1hr following the channel down or break out- However, longer term looking at the daily you could wait for a break to either direction, adding alert to resistance and support areas of the pattern, which ever way it breaks from the yellow arrows draw, I have measured the pattern length. On patterns I like to make sure it's a real break of the range so I would wait for break out , get in on the pull back and then take the trade to whichever direction it goes towards.
Keep in mind - MXN is an EM currency, if you are interested to look more in depth an advanced view look at MSCI.
(Just a trade idea, not a recommendation)
All the best,
Trade Journal
EURMXN SHORTPossible continuation of the shorting of EURMXN once it breaks the support, there will be a nice opportunity to continue the short. H4 entries only.
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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simple price action analysis it could retest previous support but euro is weaker than mexico in fundamental .
and technical confirm the break down.
Simple price action analysis In 4 hours time frame, short term trend is break down.
I think it will be retest previous support before continuance.
