Trade Setup: USD/MXN – 28 Sep 2016

28 Sep 2016
Admin
219
0

28-sep-2016-usdmxn

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 engulfing pattern)
TP: 18.256 (Most recent support point)

[UPDATE 1 – 29 Sep, 2016]

28-sep-2016-usdmxn-cont

Trade closed on Break-even as doji representing confusing market.

 

Leave a Reply