USDMXN – Short trade for Week 1 May 2017

Bias:- Short For D1, Price is in a down Trend - below 200EMA & 55EMA and closed just below 21EMA 5EMA / 8 SMA – together / about to cross Stochastic has peaked and crossed Month-end repatriation of funds

On H4, Price has closed below all MA’s and broken WM3

On H1, Price has closed below all MA’s. Price is testing M1 Entry should have been around10H30 on 20170428 Wait for pull-back to Enter trade – Stochastic well below 20 (at 10)


Suggestion for point of Entry

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