AUDUSD 15M long | 764 Fibonacci Entry
Order opened and closed overnight before able to publish
Candle Pattern: evening star
Trend: dowqn
Trend Entry: with
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .764
Fib TP: .50
Stochastic: over-bought
MACD: down
200SMA: below
BB: n/a
Pivot Point: pivot
Elliot Wave:
Currently at C correction point. At time of entry we were seeing a pullback off the C low point.
Looking for a 786 retest to the C low or a full break to make a new C low point
Notes:
Entry placed at the .764 level above the pivot point where 20 SL extends the last swing high
stochastic showing bought zone while in downtrend
macd histogram showing momentum strength to the downside
TP Goal set to 40 pips
What can go wrong:
correction C might be fully completed and we might see a new trend to the upside
Order opened and closed overnight before able to publish
Candle Pattern: evening star
Trend: dowqn
Trend Entry: with
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .764
Fib TP: .50
Stochastic: over-bought
MACD: down
200SMA: below
BB: n/a
Pivot Point: pivot
Elliot Wave:
Currently at C correction point. At time of entry we were seeing a pullback off the C low point.
Looking for a 786 retest to the C low or a full break to make a new C low point
Notes:
Entry placed at the .764 level above the pivot point where 20 SL extends the last swing high
stochastic showing bought zone while in downtrend
macd histogram showing momentum strength to the downside
TP Goal set to 40 pips
What can go wrong:
correction C might be fully completed and we might see a new trend to the upside