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  1. Pattern Analysis for AUDUSD: Bullish Morning Star Pattern Taking Shape On The Daily

    by , 11-27-2014 at 11:57 PM
    • Strategy: Short (From 0.8530), Stop: 0.8540 (Daily Close), Target: 0.8330
    • Bullish Morning Star Pattern Taking Shape On The Daily
    • Harami On The H4 Timeframe Offered A Recovery Hint

    AUD/USD’s small rebound has produced a Dragonfly Doji on the daily which is threatening to evolve into a bullish Morning Star formation. The close of the current candle above 0.8450 and an ensuing up-session would be required to confirm the pattern and open the prospect of further gains. Yet until received ...