USDNZD 15M Long | Morning Star / Engulfing / Double Bottom
Candle Pattern: Morning Star / Engulfing / Double Bottom
Trend: Down
Trend Entry: Against
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 20
SL PIPS: 20
Fib Entry: .5
Fib TP: 1.382
Stochastic: oversold
Inside EMA/SMA zone: no
BB: middle
Pivot Point: Pivot
Notes:
morning star followed by a pull back and an engulfing pattern to make a double bottom within the retracement
price action has been making higher highs and higher lows after a previous down trend
might see reversal back to the upside
TP set just shy of 1.382 fib extension
Trend: Down
Trend Entry: Against
TP/SL Ratio Target: 1 to 1
Target TP PIPs: 20
SL PIPS: 20
Fib Entry: .5
Fib TP: 1.382
Stochastic: oversold
Inside EMA/SMA zone: no
BB: middle
Pivot Point: Pivot
Notes:
morning star followed by a pull back and an engulfing pattern to make a double bottom within the retracement
price action has been making higher highs and higher lows after a previous down trend
might see reversal back to the upside
TP set just shy of 1.382 fib extension
Trade closed: target reached
TP reached in 3Hrsprice went to fib 2.0 extension
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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.