USDJPY 15M long | Morning Star

ORDER OPENED OVERNIGHT ENTRY

Candle Pattern: Evening star
Trend: up
Trend Entry: with

TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20

Fib Entry: .236
Fib TP: 1+
Stochastic: over-sold
MACD: trending up
200SMA: above
BB: n/a
Pivot Point: pivot

Elliot Wave:
Wave C correction possibly completed
Start of wave 3 to the upside



Notes:

series of morning stars formed along the 200sma. Entry placed at tip of morning star where SL extends beyond 200sma

stochastic showing bullish strength

macd just went positive to bullish strength



What can go wrong:
wave C could make a new low