SELL 19.60; TP1 19.55; TP2 19.40; SL 19.62
Let’s try some range trading. It seems that such an opportunity has presented itself in the pair USD/MXN. This pair is quite used to sideways trading. On D1, we see that the upper wicks of the recent candlesticks have been longer than the lower ones - a sign that bulls are less powerful than bears and that the price will likely visit the lower end of the range. In addition, a “shooting star” pattern was formed near the upper Bollinger band, while the Stochastic oscillator crossed the signal line to the downside. As a result, the pair’s likely to test the middle Bollinger band at 19.55. The decline below this level will open the way down to 19.40.
Forex Trading Tutorial Videos about Technical Analysis, Fibonacci Formula, Popular Indicators, Robot and usage of Basic Tools. We provide 99% successive signals for profitable trading result in end of the month. Free Forex Trading Account Register Click Register it
1 post • Page 1 of 1
- Site Admin
- Posts: 12008
- Joined: Sun Mar 04, 2012 1:17 am
- Cash on hand: Locked