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
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.