EURUSD 15M long | Morning Star Long
Euro / U.S. DollarFOREX.com
Description
⋅ Candle Pattern: Morning star
Trend: down
Trend Entry: against
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .764
Fib TP: 1
Stochastic: over-sold
MACD: bullish
200SMA: below
BB: n/a
Pivot Point: S1
Elliot Wave:
End of wave 5
Looking for ABC correction to the upside
Notes:
morning star formed at 764 fib level, around the s1 pivot
stochastic within over-sold zone
macd is showing strength moving from bearish to bullish.
What can go wrong:
price could end up making a new wave 5 low past SL