BullmarketFX

EURMXN short setup

Short
FOREXCOM:EURMXN   Euro / Mexican Peso
EURMXN we have a nice intraday setup lining up, on the daily market has formed a W formation in which we expect to complete at the neckline, also on the weekly we are facing weekly resistance. On the lower timeframes at the moment to early to be looking for entries as everything is still bullish, we will be waiting for a change of environment from a indicator perspective and a change of structure on lower timeframes before looking for a valid entry to short.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.