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

Trade chiuso: obiettivo raggiunto:

TP reached in 3Hrs
price went to fib 2.0 extension