Shooting Star in GBP/USD

Discussion in 'Forex' started by DannyBly1, Sep 23, 2012.

  1. Looking at the daily chart a bearish shooting star pattern formed on Friday:


    Zooming out we can see some major trendlines that could form support:


    Also worth noting that MACD crossed the zero line from positive to negative...
  2. A nice one too. Where would you place the stop on that short?

    I would place it just above the high of red candle 2 days ago.
  3. Agreed, just above Friday's high...
  4. Lucrum


    It would appear so.

    Uh...not so noteworthy.
  5. What's your target on this trade?