First price is at previous support and is also forming divergence on the 4hr time frame, which is where I normally like trading divergence, and the D1 as well .. A trade I'll definitely be taking once price rejects the zone properly ..
I’ll need to look at fundamentals before I would decide to take this trade, but it there is a breakout of the trend line then it could be a possible indication to take the trade
I am a new trader so all criticism that you have would be greatly appreciated. I’m still trying to learn so let me know how I can improve!
based off my analysis i believe this will be the best time to sell euro. However we are still waiting for the markets to react on monday than psosibly this week. make sure to keep a close eye. This is most likely going to be a bull run downwards.
Technical outlook towards EUR/MXN
We were messaged to analyse this pair, since we last looked at this pair was July - Great momentum it has had. It was 1hr chart this time, I am going through daily - Why?
***Higher time frame indicates shorter time frame of movement! ***
Pattern wise - we are being squeezed within price action of a...
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Expecting the Euro/Mexican Peso pair to seek discount pricing (lower low) after it was met with bearish repricing at the 28.00 level. The OB on the Daily chart should be able to propel price lower attacking Sell-side liquidity and seeking discount prices at the...