JAPAN 225 - How far will this retracement go?

SHORT - JP225USD
SL: 23618.8 (Suggested by our algorithmic system)
TP: 22788.7 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Weak support trendline is broken

2. MACD and RSI indicators showing some signs of weakness

Caution: Technical Analysis is on the 1 hour chart, not as reliable as 4hr or daily chart.

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

Blue Dotted Line: Broken Support Trendline
Blue Solid Line: Support Trendline (daily timeframe)
Red Solid Line: Resistance Trendline (daily timeframe)
Red Box: Soft Resistance Level
Red Arrows: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic systems (under testing)
Green Vertical Line: Suggested Take Profit

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

Please trade responsibly and good luck!

Trade closed manually:

Our app closed

Comment:

50.7% profit
Screenshot: ibb.co/pQVSm2w

Short-Term trend reversal is confirmed on the 1 Hour Chart.

Comment:

In this scenario it looks like our app closed the trade on time however the end result could still be either reaching SL or TP.

Trade closed: target reached