EURMXN trade ideas
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
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!
