Trade Setup: USD/MXN – 28 Sep 2016
Candle Stick Pattern: Bearish Engulfing at (2).
- Touched outer band of Bollinger Band at (2).
- Stochastic overbought range at (1).
- High volume at last bar at (4) also confirming the direction.
Entry Point: 19.434
SL: 19.937 (Highest high of the two bar of the engulfing pattern)
TP: 18.256 (Most recent support point)
[UPDATE 1 – 29 Sep, 2016]
Trade closed on Break-even as doji representing confusing market.