USDJPY 15M LONG | Double Morning Star Pattern
Candle Pattern: Double Morning Star
Trend: Up
Trend Entry: With
TP/SL Ratio Target: 1.5 to 1
Target TP PIPs: 30
SL PIPS: 20
Fib Entry: .50
Fib TP: .50
Stochastic: oversold
Inside EMA/SMA zone: no
BB: bottom
Pivot Point: At Pivot
Notes:
double morning star bottoms.
stochastic showing upside divergence
Noticed the first morning star last night at a critical crossing point 105.88
waited overnight to see if it would cross this threashold
went up and came back down for second morning star. Might be a good sign to see a swing to the upside.
Ill take a conservative 30 pips TP and place SL just under the 105.88 crossing point.
If price crosses 106.50, possible upside swing as high as 107.10
Trend: Up
Trend Entry: With
TP/SL Ratio Target: 1.5 to 1
Target TP PIPs: 30
SL PIPS: 20
Fib Entry: .50
Fib TP: .50
Stochastic: oversold
Inside EMA/SMA zone: no
BB: bottom
Pivot Point: At Pivot
Notes:
double morning star bottoms.
stochastic showing upside divergence
Noticed the first morning star last night at a critical crossing point 105.88
waited overnight to see if it would cross this threashold
went up and came back down for second morning star. Might be a good sign to see a swing to the upside.
Ill take a conservative 30 pips TP and place SL just under the 105.88 crossing point.
If price crosses 106.50, possible upside swing as high as 107.10
Trade closed: stop reached:
made it just shy of TP
TP too big
TP too big