A Morning Star pattern has formed on
GFI
which is a bottom reversal signal. This coupled with a bounce of the bottom support strengthens the signal.
A Morning Star is found after a preceding down trend where the 2nd candles body must be below the 1st and 3rd candles body. The 3rd candle must close above 50% of the 1st red body.
I will enter this trade long and try to reach the target at the top resistance.
GFI
which is a bottom reversal signal. This coupled with a bounce of the bottom support strengthens the signal. A Morning Star is found after a preceding down trend where the 2nd candles body must be below the 1st and 3rd candles body. The 3rd candle must close above 50% of the 1st red body.
I will enter this trade long and try to reach the target at the top resistance.
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