SHORT - XPDUSD
SL: 1811.95 (Suggested by our algorithmic system)
SL: 1832.00 (Safer option, personal suggestion)
TP: 1697.89
Reasons behind this idea:
1. Support trendline is subjectively broken.
2. MACD and Stochastic indicators have crossed down, bearish.
3. Minor RSI bearish divergence.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline (New Resistance Trendline)
Blue Solid Line: Next Supporting Trendline
Red Solid Line: Previous Resistance Trendline
Purple Line: Stoploss suggestion from our algorithmic system
Green Line: Take Profit suggestion from our algorithmic system
Red Arrow: Bearish Divergence
Screenshot of our mobile app alert: ibb.co/s6M6Cjw (Timestamps are Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
SL: 1811.95 (Suggested by our algorithmic system)
SL: 1832.00 (Safer option, personal suggestion)
TP: 1697.89
Reasons behind this idea:
1. Support trendline is subjectively broken.
2. MACD and Stochastic indicators have crossed down, bearish.
3. Minor RSI bearish divergence.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline (New Resistance Trendline)
Blue Solid Line: Next Supporting Trendline
Red Solid Line: Previous Resistance Trendline
Purple Line: Stoploss suggestion from our algorithmic system
Green Line: Take Profit suggestion from our algorithmic system
Red Arrow: Bearish Divergence
Screenshot of our mobile app alert: ibb.co/s6M6Cjw (Timestamps are Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
Trade closed: stop reached:
Reached SL: 1811.95 (Suggested by our algorithmic system)
Price is still below SL: 1832.00 (Safer option, personal suggestion) and its respecting the new resistance trendline (dotted blue line) thus far.
Price is still below SL: 1832.00 (Safer option, personal suggestion) and its respecting the new resistance trendline (dotted blue line) thus far.
Comment:
i.ibb.co/f2J6FRF/Ann...019-11-08-074903.jpg
Comment:
Resistance line (dotted blue line) remains valid.
Trade closed: target reached:
Reached SL: 1832.00 (Safer option, personal suggestion)