AUDUSD 15M LONG | Morning Star Pattern
Updated
Candle Pattern: Morning Star
Trend: Up
Trend Entry: With
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 30
SL PIPS: 30
Fib Entry: .618
Fib TP: .764
Stochastic: oversold
MACD Histogram: contracting
200SMA: Above
Inside EMA/SMA zone: no
BB: bottom
Pivot Point: Pivot && S1
Notes:
morning star just shy of the last downside swing and just above Elliot wave 1 zone
Possibly a wave 4 correction with long term outlook to 1.3 to 1.6 fib extension level to complete wave 5 before trend change to a correction
Trend: Up
Trend Entry: With
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 30
SL PIPS: 30
Fib Entry: .618
Fib TP: .764
Stochastic: oversold
MACD Histogram: contracting
200SMA: Above
Inside EMA/SMA zone: no
BB: bottom
Pivot Point: Pivot && S1
Notes:
morning star just shy of the last downside swing and just above Elliot wave 1 zone
Possibly a wave 4 correction with long term outlook to 1.3 to 1.6 fib extension level to complete wave 5 before trend change to a correction
Trade closed: target reached
TP reached in 12 hours
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