EurMxn Long setting up, Daily ChartI can see this pair turning around here. longs with first targets at previous swing high.
EURMXN trade ideas
Can we excuse the handle???lets see if we will just go up with this round bottom pattern, we now at the neckline
MXN weakness coming (USDMNX and EURMXN buy)In this speicfic chart, EURMXN has a perfect buy reversal setup with a contraction and 3 Lower Lows within the contraction. This is 1 of the 3 patterns we trade in the PipsMatter community
EURMXN SHS 1WA bearish trend could be expected after this SHS pattern in 1W. Support at 21.5x has already been broken. A pullback may happen in next weeks to that level as a resistance or keep going down to 20.0X support directly. This will be a very strong support which I don't think the tick is breaking. Few weeks remaining for confirmation.
S-H-S at EURMXNShort option on EURMXN 4H after shoulder head shoulder figure with pullback to neckline.
EURMEX decision time!This is my first analysis ever... be nice :)
I think its pretty self explanatory, you need to switch TF to see one of the support / resistance.
Regards!
EURMXN : PROBALLY THE BEST POINT OF VIEWThis is the weekly chart, probally the definitive point of view to look at
sometimes a picture is worth a thousand words
we are in a triangle that probally would last for a while..
so take a confortable seat to wait this summer o probally the end of the year to see new ATH
shortretracement upwards then previous sellers will push the market down and break the trendline due to pivots to continue down
EURMXN: bullish triangle or unbreakable resistence?Euro seems can't break the 22,00 resistence level.
historically it's the part of the year when Euro normally grows up, but the general situation of Euro zone and the Deutsche Bank crisis makes it very weak.
Let's see if the triangle will be broken up and maybe the USD will grows up carrying on the Euro, or the european currency will breaks down..
please comment
EURMXN Long/Trendline Break Retrace & Cypher HarmonicEURMXN broke out from the recent down trendline . Looking for a long entry at the intersection of the fib retracement area and Cypher entry point.
EURMXN "LONG: MOVING IN A WAVE TRENDEURMXN moving in a wave trend and in an upward trend channel, very good risk and reward ratio of 3.27. Entry at 21.7805 stop loss at 21.64. Target profit at 22.20860.
All investment comes with risk. Trade at your own risk. Open to ideas and sharing from all passionate traders, please comment and share your ideas and views. Thank you!
Eur/Mex Hit .618 retrace, equal length fib extension. Looking to scalp to break even, then let some run to 200Ma on daily.
EURMXN long setupHi traders,
this is my view on EURMXN. What we see now is a higher low at 20.10 what give us a good idea to go long.
So we can trade swing with a target over the last higher high with small risk.
I´m at this trade since 20.12 and will hold it over weeks to the target, my SL is tight at 20.08.
I hope it helps somebody to catch some profit out of the market.
I wish you a good trading week.
Stefan Forex
Eur/Mex Ending DiagonalThis is the daily. Diagonal seems to be in a wave 5 position of a "C" wave. Emex seems to be holding at the 27% extension of first wave (high came off the 1.382 trend fib extension). Both Umex and Emex are showing "B" wave corrective structure. And I would not be surprised to this diagonal double top (See USOIL). It broke bottom trend line and pulled slightly back up. I would wait for (hope for) it to correct up and trade it by sell stop order to catch it on the way down, but that's just me personally. It seems like a "W" count to me. That would mean an "X" wave next (3 wave correction, usually somewhat flat like in this scenario) which can be 50-75% (usually about 62%) retracement of the 3 wave move by the time completed.
EURMXNEnding diagonal forming with a corresponding divergence on a bullish market tells us a sign of a reversal. The ending diagonal forms right at the supply area/zone so I expect the price to drop harded. Consider checking also other XXXMXN pairs
EURMXN - UPDATE -3rd exotic pair for you guyswatch out for this drop
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