Trade Setup: USD/MXN – 28 Sep 2016

Trade Setup: USD/MXN – 28 Sep 2016

Candle Stick Pattern: Bearish Engulfing at (2)
Confirmation:

Touched outer band of Bollinger Band at (2).
Stochastic overbought range at (1).
High volume at last bar at (4) also confirming the direction.

Signal: SELL
Entry Point: 19.434
SL: 19.937  (Highest high of the two bar of the e…
#BearishEngulfing, #BollingerBand, #CandleStickPattern, #Stochastic, #SupportResistance, #USDMXN, #Volume
#ForexAdvices, #ForexTradeSetups

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Trade Setup: XAG/USD – 27 Sep 2016

Trade Setup: XAG/USD – 27 Sep 2016

Candle Stick Pattern: Bearish Engulfing at 2nd and 3rd bar, also a variation of Evening Star at (1)
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic overbought range at (4).
Retesting previous resistance at (3).
Increase in volume at last bar also confirming the…
#BearishEngulfing, #BollingerBand, #CandleStickPattern, #EveningStar, #Stochastic, #SupportResistance, #Volume, #XAUUSD
#ForexAdvices, #ForexTradeSetups