AUDCAD 15M Short | Evening Star

2018년 4월 12일

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: bullish
200SMA: above
BB: n/a
Pivot Point: R2


Elliot Wave:
Currently on wave 5
Looking for new wave 5 low to be completed


Notes:

Evening star formed at the 764 level. Entry placed at 618 fib for entry to the downside right at the 200sma

stochastic showing over-bought at time of entry

macd is showing bullish strength, however we are seeing some divergence to the downside


What can go wrong:
wave 5 could be completed and we could be starting the ABC correction to the upside instead