USDJPY 15M LONG | Morning Star Pattern
Candle Pattern: Morning Star
Trend: Up
Trend Entry: With
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 20
SL PIPS: 20
Fib Entry: .765
Fib TP: 1.0
Stochastic: oversold
Inside EMA/SMA zone: yes
BB: bottom
Pivot Point: Between Pivot & R1
Notes:
morning star formed just shy of previous swing low.
If this is a play to the upside, price should stay above that swing low. Placing SL just below that point
TP set for 1.0 fib retracement
Trend: Up
Trend Entry: With
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 20
SL PIPS: 20
Fib Entry: .765
Fib TP: 1.0
Stochastic: oversold
Inside EMA/SMA zone: yes
BB: bottom
Pivot Point: Between Pivot & R1
Notes:
morning star formed just shy of previous swing low.
If this is a play to the upside, price should stay above that swing low. Placing SL just below that point
TP set for 1.0 fib retracement
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.