Key points in discussion
How to identify a potential trade with bhoomi Fx
Where to enter ?
Where to exit ?
More importantly how to trade fx for a living
*SMALL SINGLE ARROWS ON BHOOMI FX, THEY ONLY HAVE AN ACCURACY OF 86%. UNLIKE DOUBLE ARROWS WHICH HAVE 91.19 ACCURACY
There seems to be a potential bullish Bat Pattern forming on the FX_IDC:USDMXN 15 mins chart.
Entry for long: 20.9231
Take Profit: 21.0872
Stop Loss: 20.8402
A good risk reward ratio of 1:2
A bearish cypher seems to be emerging on the FX_IDC:USDMXN 4 hour chart.
A limit Sell order can be placed at 21.7887
Target: 21.4403
Stop: 22.0654
A 1:1.26 Risk Reward Ratio
