Trade Setup: USD/MXN – 23 Sep 2016

22 Sep 2016
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23-sep-2016-usdmxn

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 resistance)

[UPDATE 1 – 23 Sep, 2016]

23-sep-2016-usdmxn-cont

Trade closed on stop loss.

 

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