ironcondor
Long

EURUSD 15M Long | Morning Star

FOREXCOM:EURUSD   Euro / U.S. Dollar
Candle Pattern: Morning Star
Trend: Up
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 20
Fib Entry: 38.2%
Fib TP: 76.4%
Stochastic: Oversold
Inside EMA/SMA zone: yes

Notes:

Might be an early entry since morning star is right at the EMA/SMA zone.
Placing SL just under SMA to give it room to for another reversal at a lower position, possibly near 50% retracement if needed

Trade closed: stop reached: trade close past blue SMA.
i figured it might, will probably go up now that the market stop hunted me

BB bands showed a tight squeeze before the down move, will need to consider possible BB breakouts next time in this situation.
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