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