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 trade ideas
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
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.
