EURAUD - Swing Trade

SHORT - EURAUD
SL: 1.63833 (Suggested by our algorithmic system)
TP: 1.61063 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Bullish Divergence

2. Price hit a resistance trendline

Caution: Price is on a major up trend.


---------- Chart Drawings ----------

Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system

Trade idea from our mobile app: ibb.co/hYv64Tr (Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!

Comment:

Apologies the first reason for the idea was bearish divergence not bullish.

Trade active:

Please adjust your stop loss to lock in profit and to prevent a loss.

Screenshot from our app ibb.co/3CrrFkZ

Comment:

Sorry for this late post, our app close this trade for a 45.1% profit. Screenshot: ibb.co/M9J7g40