EURMXN trade ideas
EURMXN confirmed for daily shortShort Euro against Mexican Peso from 22.76
Video elaborating on the Mexican Peso trade:
Mexican Peso on the verge of a breakoutWeekly dollar peso
Disclosure: I see the blue 18.05 level holding and a good INTRADAY buying opportunity
daily euro peso
ECAT #1Hi guys , this is a new method i discovered on the market. Let's see if i can guess this right.
It's my first trade based on the ECAT method so not very recommended to try and follow me.
Stay tuned!
EURMXN ATH Potential M FormationPrice failed at the ATH with RSI Uptrend Broken, looks like a potential M Formation.
EUR/MXN, Technical Analysis, February 5, 2018The EURMXN maintains the bullish momentum after the good economic results released during the last press conference two weeks ago by the president of the European Central Bank, Mario Draghi (Find below, all the ECB press conference highlights)
The pair couldn't break the previous resistance now support zone, maintaining the up trend. My recommendation is to buy with the objective at the next supply zone @23.50.
ECB press conference highlights, 25 January 2018:
• Robust pace of economic expansion, which accelerated more than expected in the second half of 2017.
• Real GDP increased by 0.7%, quarterly at 2017.
• Private consumption is supported by rising employment.
• Business investment continues to strengthen on the back of very favourable financing conditions, rising corporate profitability and solid demand.
• Housing investment has improved further over recent quarters.
• The broad-based global expansion is providing impetus to euro area exports.
European Central Bank Directorate General Communications. (25 January 2018). Press Conference, Mario Draghi, President of the ECB. 05/02/2018, de European Central Bank Sitio web: www.ecb.europa.eu
EURMXN ShortAfter collecting some nice profit on the wave4 upwards, i am now positioning myself for the longterm short positions starting @22,19.
Heading for soft targets @21 and long term soft targets in the 17range
EURMXN Short continuation and add on levelsEntered short in January '17 @23,01, been holding it since then and am now looking to add on in the coming months for wave 5. First add on to the short was @21,55 end of august. Next levels will be @22,01 for a quarter position, @22,30 for half a position and @22,57 for a full position if it even gets back up there.
Soft targets will be between retest of wave 3 @19,60 and the psychological 18,50 mark. For the long shot target we are looking at the 17,20 which if reached, would be the latest point where i start looking to go long. i see slim chances that it reaches all the way down there but hey, anything is possible. just in case i have a scenario set up for it and otherwise i will let my standing shorts get stopped out within decent profit levels.
EURMXN Bullish Engulfing at support potential move to the upsideEURMXN
Bullish Engulfing at support, potential move to the upside from the 21,103-21.186 area.
EURMXN may be preparing for the breakChart of EURMXN is leaning to the upper side of a formation, which was built right below the intermediate term high from May 2017. In case, current previous day's high is broken, we may see development of a short-term ascending rally toward the target area.
Going long in EURMXNAfter the CPI data, the Euro got more strengh, and for the Mexican Peso my current view is bearish due to the uncertaInty of Trump s fiscal policy
EURMXN - CHANNEL SHORTWhile this pair hasn't respected it's long term channel too well - especially around the election - it has been in a strong up channel for the last 2 years. Friday's candle suggests that this pair will be bouncing off of the upper side of the channel in the short term. Be aware, this is a counter trend trade, so place your stop loss especially tight.
Sell EURO/PESOVery steep rise for some time now RSI looking toppy against prior trend. Looking for a reversal if only to the bottom of trend channel shown.
EURMXN sell set upHi guys,
I believe this will be a nice sell. It is setting nicely up on the 240 so looking for a sell set up is probably a good idea.
Thank you for your support.
