A right-angled descending broadening wedge is a bullish reversal pattern.
The Morning Doji Star is a bullish reversal pattern.
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To confirm the reversal of the trend and the morning star candlestick pattern, it is better to wait for the next candle. A green candle will confirm that the bulls have joined the party.
Let the fun begin. I wish you a successful trading week.
S / L 1.154 TP 1.188 Risk - Reward ration is - 1:15
If the price falls below 1.154. the chance of falling further is 1.148-1.149.
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DX goes out of the channel
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So the morning star candlestick pattern failed because the third candle was not green. What is also new on the graph is that the dollar index has a double top pattern. Will the pattern succeed we will see, wedge and other targets remain the same.
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In fact the third candle was green but the 4th candle meaning confirmation was not green.
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How are you? do you enjoy profits? This week and next week will be all bullish.