GBPUSD Morning star
Notice in the 4h GU chart how the last two candles and the one currently forming are making a morning star three-candle pattern. This usually signifies a trend reversal from bear to bull.
Look to the 15m chart for entry, when MACD histogram is moving from neg to positive, RSI is not overbought but still greater than 50 and heading up, and Stochastic is not above 80 but is also heading up. ema5 (green line) should be above ema10 (red line)
Look to the 15m chart for entry, when MACD histogram is moving from neg to positive, RSI is not overbought but still greater than 50 and heading up, and Stochastic is not above 80 but is also heading up. ema5 (green line) should be above ema10 (red line)
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