td6211
Long

GBPUSD morning star

FX:GBPUSD   British Pound / U.S. Dollar
57 views
5
Notice in the 4h GU chart how the last two candles and the one currently forming are making a morning star three-candle pattern. This usually signifies a trend reversal from bear to bull .

Look to the 15m chart for entry, when MACD histogram is moving from neg to positive, RSI is not overbought but still greater than 50 and heading up, and Stochastic is not above 80 but is also heading up. ema5 (green line) should be above ema10 (red line)

Related Ideas

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out