USDJPY 15M LONG | Double Morning Star Pattern

Candle Pattern: Double Morning Star
Trend: Up
Trend Entry: With

TP/SL Ratio Target: 1.5 to 1
Target TP PIPs: 30
SL PIPS: 20

Fib Entry: .50
Fib TP: .50
Stochastic: oversold
Inside EMA/SMA zone: no
BB: bottom
Pivot Point: At Pivot

Notes:

double morning star bottoms.
stochastic showing upside divergence

Noticed the first morning star last night at a critical crossing point 105.88
waited overnight to see if it would cross this threashold
went up and came back down for second morning star. Might be a good sign to see a swing to the upside.

Ill take a conservative 30 pips TP and place SL just under the 105.88 crossing point.

If price crosses 106.50, possible upside swing as high as 107.10

İşlem kapandı: durdurma seviyesi:

made it just shy of TP
TP too big