EURMXN trade ideas
EURMXN BUY- 4H & daily trendline met
- 618 fib rejected
- 618 fib marries support line & trendline
- price below moving average
- waiting for confirmation of bullish power to enter trade
EURMXN Possible Head and Shoulder in H4 $ M30I see a possible Head and shoulder Formation in both H4 and m30. which further Add to what i wish to see to take a low Risk Trade.
I anticipate a bearish Month in all..
As we have gone into technically what is over bought During the Aussie Session..
London Session and NY Should Provide enough Liquidity needed to push price Down.
EURMXN SHORT TRADE SETUPEURMXN has met Resistance around key area and Bears have one more time stepped into the market.. i expect a bearish month all together.
You will learn the best place where we can trade this instrument at low risk.
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EURMXN losing upward momentum, looks likely to turn downRough sketch of expectations. I'd be looking for a break in market structure + retrace or a sweep + reclaim of a range high to enter. Thesis invalidated if red tangent line is broken.
Viva la Mexico! Short positionTwo key support levels are being flirted with. If the first breaks then the second will most likely be approached in the coming days. For now I'm putting my TP at 24.9578 and SL at 25.4017
TheHonestTrader
Perfect short EUR/MXNDownwards trendline, rejected at the 50 day moving average on the daily chart, the price is also at the 0.382 FB retracement point from the price high set 6 april to the price low 3 june. Looking at the broader picture it can consolidate around the 0.5 fib retracement point set in february to the april high before seeing more downside. EU countries are highly dependent on tourism while the MXN is very much tied to oil prices, seeing as oil is on the rise and tourism isn't going to boom anytime soon, I will be bullish on the Mexican peso.
EURMXN 1HRBEARISH BAT
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
EURMXN 3HRBULLISH Deep Crab@1.902XA
If price Breaks Red Trend line is where EXIT before SL hits
price need to follow Green Trend line & hit target
POTENTIAL BUY
EURMEXA lot of the euros look like they are making flags to push up again (eurcad, euraud, eurnzd). EURMEX coming off the 1.236 extension of a potential WXY on weekly. EUR/CHF also.
EURMXN 15MNTwo Strong BULLISH BAT PRZ for SCALPING
Earlier this same Pattern given good reaction on Type1 entry
now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
EURMXN 4HThere's a clear triangle pattern. We are close to testing the ascending line. Watch this test for another move up or and break-retest-fall.
EUR/MXN Possible shortTouching the 100 and 200 ma, further upside expected if it breaks the downtrend from 26 april.
