USDCAD 15M short | Evening Star

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