USDCHF 15M short | 764 Fibonacci Entry

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: .764
Fib TP: 1+
Stochastic: over-bought
MACD: up
200SMA: below
BB: n/a
Pivot Point: pivot

Elliot Wave:
wave C pullback, looking for wave C to make a new low


Notes:

Entry placed at the .764 level at the pivot point and just at the 200sma. SL extends beyond last swing high

stochastic entered the overbought zone and making a dip back to the down side.

macd showing strength to the upside



What can go wrong:
could be the end of wave C and the start of a new uptrend