on Sept 10, 2018 EURMXN reaches a max of 23,00 on D chart but only reaches a maximum of 23,40 on H4of the exact same day
Looking at the EURO/Peso This is should be a strong sell for the week but I'm searching for the perfect entry. Looking at the trend up I dont think it is ready to break this trend line. I would look for it to push up to a area of resistance then start to push down strong enough to break through the trend line and hit a lower level of support. This might take some...
Buy at 1.618 The golden ratio and i think its not gonne get higher as the first sell point 0.618
AB=CD pattern (1.618 projection) completed on the support trendline that stretches from Dec 2015.
This chart is just an update of the "love or hate" chart, with the EURMXN as a comparison. Even though that chart is already closed it is still a useful reference. In front of us we have important resistances, however, although in the short term 19.40 is possible, in the medium term i see likely to find support above the critical area. I will see how this set...
Short Euro against Mexican Peso from 22.76 Video elaborating on the Mexican Peso trade:
Weekly dollar peso Disclosure: I see the blue 18.05 level holding and a good INTRADAY buying opportunity daily euro peso
Price failed at the ATH with RSI Uptrend Broken, looks like a potential M Formation.
The EURMXN maintains the bullish momentum after the good economic results released during the last press conference two weeks ago by the president of the European Central Bank, Mario Draghi (Find below, all the ECB press conference highlights) The pair couldn't break the previous resistance now support zone, maintaining the up trend. My recommendation is to buy...
After collecting some nice profit on the wave4 upwards, i am now positioning myself for the longterm short positions starting @22,19. Heading for soft targets @21 and long term soft targets in the 17range