AUDCAD 15M Long | Morning Star Pattern Long

Australian Dollar / Canadian DollarFOREX.com

Description

⋅ Mar 2, 2018 5:15 AM

Candle Pattern: morning star
Trend: up
Trend Entry: with

TP/SL Ratio Target: 1 to 1.5
Target TP PIPs: 15
SL PIPS: 10

Fib Entry: .618
Fib TP: 1.0
Stochastic: oversold
Inside EMA/SMA zone: yes
BB: bottom

Notes:

morning star at .618 to .764 range retracement within up trend.
stochastic showing oversold crossover and crossing 20 confimation line
TP at 1.0 but might see upswing to 2.0 fib

Trade closed: target reached

⋅ Mar 2, 2018 8:30 AM

TP reached in 3HR