MXN weakness coming (USDMNX and EURMXN buy)In this speicfic chart, EURMXN has a perfect buy reversal setup with a contraction and 3 Lower Lows within the contraction. This is 1 of the 3 patterns we trade in the PipsMatter community
EURMXN
EURMXN SHS 1WA bearish trend could be expected after this SHS pattern in 1W. Support at 21.5x has already been broken. A pullback may happen in next weeks to that level as a resistance or keep going down to 20.0X support directly. This will be a very strong support which I don't think the tick is breaking. Few weeks remaining for confirmation.
S-H-S at EURMXNShort option on EURMXN 4H after shoulder head shoulder figure with pullback to neckline.
EURMEX decision time!This is my first analysis ever... be nice :)
I think its pretty self explanatory, you need to switch TF to see one of the support / resistance.
Regards!
EURMXN Long/Trendline Break Retrace & Cypher HarmonicEURMXN broke out from the recent down trendline . Looking for a long entry at the intersection of the fib retracement area and Cypher entry point.
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
Gartley's Bat Pattern on USDMXNGartley's Bat Pattern on USDMXN, Daily Chart, so a lot of profit to do, SHORT SELLING for now to BUY IT LONG later, Bullish pattern.
EURMXN - UPDATE -3rd exotic pair for you guyswatch out for this drop
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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.
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
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!!
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.
