EURMXN - LONGBuying only after the break above the HMA and the retest of the HMA
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management**
small long $EURMXNtrying another long here after we are under the 0.382 fib level
the position is small, and I will add if we make a new low.
Will EURMXN Continue It's Descent?
Fundamentals :
Unsure
Rejection Confluence:
200ma+200ema+kijun rejection+50/61.8 fib rejection
close below 50ema and 50 kyan
tk twist
EURMXN Buy 15 Minute ConfirmationThe 5 EMA has Broken above the 13 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 sold
Fib Retracement confirms a target to the Long side
Take Profit is Derived from Pivots
BUY EUR/MXNThis pair has been on a downtrend for the past 4 years. It has finally reached a zone of demand!! So yeah it seems like a BUY to me!
eurmxn upside move possibleeurmxn upside move possible
buying above the 18.39697
stoploss 18.14601
target 18.87855
Transient and recurrence 89%This is high probability trade based on transient and recurrence theory.
Signal is for a long position with a 89% success.
TP 18,85
EURMXN Downtrend ContinuesWith oil rising, this should boost oil currencies. I believe that the EUR will continue to fall for Q3 and Q4 2023.
EURMXN Buy 15 Minute ConfirmationThe 5 EMA has Broken above the 13 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 sold
Fib Retracement confirms a target to the Long side
Take Profit is Derived from Pivots
EURMXN Sell 15 Minute ConfirmationThe 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
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