Candle Pattern: Morning Star
Trend: Up
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 9
Fib Entry: 50%
Fib TP: 61.8%
SMA EMA crossed to form and signal new uptrend
Entering at 50% fib level from upswing.
looking for conservative TP at 618 fib level
keep an eye out for 1.3 or 1.6 extension as could of have been profits considering its a new uptrend
Trend: Up
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 9
Fib Entry: 50%
Fib TP: 61.8%
SMA EMA crossed to form and signal new uptrend
Entering at 50% fib level from upswing.
looking for conservative TP at 618 fib level
keep an eye out for 1.3 or 1.6 extension as could of have been profits considering its a new uptrend
Trade closed: stop reached
morning star didnt hold upmight look for re-entry closer to trend line or blue SMA
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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.