There's a clear triangle pattern. We are close to testing the ascending line. Watch this test for another move up or and break-retest-fall.
Touching the 100 and 200 ma, further upside expected if it breaks the downtrend from 26 april.
Sell Eurmxn. Technical indicators show divergence, there's big probability of price reversing back to above mentioned zone.
Nice little alpha, follow me and I will share more if you are interested, I would love to help
Hidden bearish divergence appearing on the hourly chart. Placing a Sell Stop under the recent hourly low with a stoploss above the recent trendline high may lead into a trade position that has potential to fill the gap or retest the lows. this strategy looks to take advantage of hidden divergence reversals and letting this instrument show it is making lower highs...
Trend is already breakout waiting for cross the support level
Consolidation almost complete.. now let‘s buckle up for the next large wave UP!
NOT FINANCIAL ADVICE Follow the chart for buy and sell zones. Good luck traders. if you like my analysis' please like and follow to show you support my content. thanks
This is huge if it's a wave 3 up !!!!
Here we have a similar environment to that of EURZAR. The bullish reversal yesterday is implying that the reversal is corrective in nature and will bounce towards resistance at 21.7. The breakout if very tradable if you are not already holding positions, and stops can be kept tight above the 21.073 to sustain the confidence in the reversal formation. To the...
EURMXN drawing a triangle likely to break minimuns around 21.113. Could go down to 18.884.
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
A 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.
Short option on EURMXN 4H after shoulder head shoulder figure with pullback to neckline.
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!