CHARLESTON, SOUTH CAROLINA, USA

 

USD/CAD

 

ENTRY: 1.2404 - EXIT: 1.2235

GAIN

+1.78% / +169 Pips

 

BROKER:


ENTRY

EXIT



 

TRADE SETUP

 

TIMEFRAME

DAILY

 

TREND

MAJOR: BEARISH

MINOR: BEARISH

 

SUPPORT/RESISTANCE

LEVEL: N/A

 

FIBONACCI

LEVEL: 23.6

 

ELLIOTT WAVE

MAJOR: MOTIVE - IMPULSE (4)

MINOR: MOTIVE - IMPULSE (2)

 

CANDLESTICK

PATTERN: DESCENDING WEDGE

SIGNAL: ENGULFING

 

RSI

POSITION: 65 / 39

PATTERN: SHARP PEAK

 

VOLUME

RANGE: INCREASING

REAL: UNCHANGED 

 

 

POST-TRADE NOTES

 

  1. PRICE CONTINUED ON IT'S BEARISH DESCENT TO FULFILL THE 5TH ELLIOT WAVE OF THE IMPULSE PATTERN.

  2. CLOSED THE TRADE ONCE PRICE APPEARED TO HAVE COMPLETED THE 3RD WAVE AND RSI WAS OVERSOLD.


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