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 engulfing pattern) TP: 18.256 (Most recent support point) … Continue reading Trade Setup: USD/MXN – 28 Sep 2016