Buying only after the break above the HMA and the retest of the HMA **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management**
With oil rising, this should boost oil currencies. I believe that the EUR will continue to fall for Q3 and Q4 2023.
Eur/Mxn has a reversal pattern on the daily time frame. The Reversal Pattern is a double bottom reversal pattern. Price has given me and buy signal on the 15 min time frame. I will buy this pair for a swing trade high and my stop loss will be under the green box area on the chart.
First Entry at Pivot Point 20.011. Second Entry at 19.943.
Expect EURMXN to decrease 7453.4 units. Price closed below 20.05545. Watch for bearish price action signals.
Looking forward to price bouncing from support. RR is tangible. Over 20x.
Price pulled back to the horizontal support level, EMA 10 support level, and EMA 20 support level. Enter a market execution order and buy limit order.
Usually I am a buyer of descending (or falling) wedges when we reach support as I typically would be looking for an eventual breakout higher. However, this time may be different. The reason why is as we are hitting support, the pair is also trading below the long term 61.8% Fibonacci retracement of the February 2020 lows (pre covid) to the April 2020 highs (post...
$EURMXN is making higher lows in a descending wedge which is typically a reversal setup (higher in this case). There is a strong inverse relationship with risk assets (SPX in this case) so a move above 24.1700 would be a very bullish event.
EURMXN Take Profit At 24.27719 ; 24.37017 ; 2021 Apr 28 Trade Idea at 20:00 After Pin Bar formed, placed buy limit order at 24.11001. Stop Loss Level is 24.04090. R-Multiple is 2.42R. Why did this trade work perfectly? Four or more touches for support resistance level, identification of trend, and pin bar price action signal.
Trade idea is pin bar with Ema 10, Ema 20, trend line, and momentum.
Hi Guys, As it's closing in on the end of the month, i've started looking at some options for April. I've come across a potential LONG on the EURMXN with an R/R of 3, I say potential because we're not in a position yet to place the order. So to explain the analysis, we're currently on a March long downtrend referred on the chart as dt1, and also closing into...
price hit supply level twice so logically price gonna be touching demand.
One more trade on big frame, wolves🔥 Great descending triangle on EURMXN currency pair. According to Elliott Waves theory Wave D is done and the price is heading to Wave E. However this triangle may be circumcised and the breakout will be in near future. Follow the chart and look for the breakout carefully. If you enjoy my FREE Technical Analysis , support the...