shortretracement upwards then previous sellers will push the market down and break the trendline due to pivots to continue down
EURMXN trade ideas
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
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
EURMXNWithin the support and resistance of the bullish trending channel which is also a bearish flag, we are awaiting for the strong drop towards the support. Sell MXN pairs.
how the broker rips you offon Sept 10, 2018 EURMXN reaches a max of 23,00 on D chart but only reaches a maximum of 23,40 on H4of the exact same day
EURMXN Looking Indecisive!Looking at the EURO/Peso This is should be a strong sell for the week but I'm searching for the perfect entry. Looking at the trend up I dont think it is ready to break this trend line. I would look for it to push up to a area of resistance then start to push down strong enough to break through the trend line and hit a lower level of support. This might take some time to play out but getting in on this pair at the right position is a great win!
EURMXN Bullish Crab Pattern Buy at 1.618 The golden ratio and i think its not gonne get higher as the first sell point 0.618
Opportunity to go longAB=CD pattern (1.618 projection) completed on the support trendline that stretches from Dec 2015.
The day afterThis chart is just an update of the "love or hate" chart, with the EURMXN as a comparison. Even though that chart is already closed it is still a useful reference.
In front of us we have important resistances, however, although in the short term 19.40 is possible, in the medium term i see likely to find support above the critical area.
I will see how this set develops...
Best wishes!!
EurMxnFOREXCOM:EURMXN
I will be looking for a sell signal at around 23.5.
Take profit at the nearest swing low and that is 22.8
