looking good if it continues to the downside we will consider executing a trade for big profits
My actual and more recent status from la Paz, MX. Expecting mainly, shor term EUR strenght (LONG) and medium long term MXN to remain and keep strong (SHORT). I put the zones which I see interesting. Mexican Peso will remain strong however I see that in short term is will get a bit weaker. So those zones are OK to keep milking. Iniatially I'm LONG and then if...
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought Fib Retracement confirms a target to the Short side Take Profit is Derived from Pivots
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought Fib Retracement confirms a target to the Short side Take Profit is Derived from Pivots
Demand in 4 hr timeframe have been failed, eurmxn go down
Because of the USA CPI all the Major currency and cross currency will make good movement. The pair will sell today
The price will go down. Head and shoulders. after head and shoulders the price should go down.
EURMXN created new supply zone, so Short bias Tell me what do you think?
There is a falling wedge pattern already formed. There is a very high probability of the pair breaking to the upside. It is safe to take a trade after a breakout and a retest.
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.
Possible scenario for this pair. Price is likely to reverse from that white horizontal line since its 38.2 fibbo retracement.
this is my bullish technical idea and price action analyze . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
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...