ironcondor
Long

AUDUSD 15M Long | Morning Star Pattern

FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Candle Pattern: morning star
Trend: down
Trend Entry: against

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

Fib Entry: .764
Fib TP: .50
Stochastic: oversold
Inside EMA/SMA zone: no
BB: bottom

Notes:

morning star on the retest of previous swing low
stochastic showing oversold after a strong upswing to retest the 200 SMA
Trade closed: target reached: TP reached before I can even publish this analysis
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