USDCAD 15M short | Evening Star Short
U.S. Dollar / Canadian DollarFOREX.com
Description
⋅ Candle Pattern: Evening star
Trend: down
Trend Entry: with
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .618
Fib TP: 1
Stochastic: over-bought
MACD: bearish
200SMA: below
BB: n/a
Pivot Point: Pivot & R1
Elliot Wave:
End of wave 5
Looking for final wave 5 low
Notes:
Evening star formed at 764 fib level, around the r1 pivot
stochastic within over-bought zone
macd is showing bearish strength
What can go wrong:
ABC correction could start now