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

Trade Setup: USD/MXN – 23 Sep 2016

Trade Setup: USD/MXN – 23 Sep 2016

Candle Stick Pattern: After 9 session high, spinning top then changing direction at (1).
Confirmation:

Touched outer band of Bollinger Band at (1).
Stochastic overbought range at (2).

Signal: SELL
Entry Point: 19.637
SL: 19.928 (Highest high of last 3 candlestick bars)
TP: 19.204 (Nearest…
#9SessionHigh, #BollingerBand, #CandleStickPattern, #SpinningTop, #Stochastic, #SupportResistance, #USDMXN
#TradeSetups