Example Chart: Down Trend, then Reversal Upwards
Morning Star (Three Candlestick Signal/Pattern)
1) Large Red Candlestick
2) Undecided Candlestick (small Doji)
3) Large Green/Blue Candlestick- going up at least 1/2 way of 1st Large Red Candlestick
*Trade Bullish or Buy trading is indicated after this bullish morning star signal or pattern occurs afterwards- I see price action on EurAud continuing to go upwards for rest of this month. These happen on all time frames, but higher ones have higher win rates and less noise in price action.
Morning Star (Three Candlestick Signal/Pattern)
1) Large Red Candlestick
2) Undecided Candlestick (small Doji)
3) Large Green/Blue Candlestick- going up at least 1/2 way of 1st Large Red Candlestick
*Trade Bullish or Buy trading is indicated after this bullish morning star signal or pattern occurs afterwards- I see price action on EurAud continuing to go upwards for rest of this month. These happen on all time frames, but higher ones have higher win rates and less noise in price action.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.