The Dow breaking records, time to rest now?
SHORT - US30USD
SL: 27754.3 (Suggested by our algorithmic system)
TP: 26771.6
Reasons behind this idea:
1. Support trendline is subjectively broken.
2. RSI and CCI indicators show bearish divergence.
3. MACD is indicating weakness in momentum.
CAUTION: Technical analysis is on the 1 Hour Timeframe which is not that reliable.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline (New Resistance Trendline)
Blue Solid Line: Next Supporting Trendline
Blue Rectangle: Next Strong Supporting Level
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/0jZ8sYK (Timestamps are Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
SL: 27754.3 (Suggested by our algorithmic system)
TP: 26771.6
Reasons behind this idea:
1. Support trendline is subjectively broken.
2. RSI and CCI indicators show bearish divergence.
3. MACD is indicating weakness in momentum.
CAUTION: Technical analysis is on the 1 Hour Timeframe which is not that reliable.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline (New Resistance Trendline)
Blue Solid Line: Next Supporting Trendline
Blue Rectangle: Next Strong Supporting Level
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/0jZ8sYK (Timestamps are Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
Komentarz:
WOW ... the price just shaved below the SL level. The momentum has reversed for now but in the world of trading anything can happen. :)
Transakcja zakończona: osiągnięto poziom stop:
Screenshot ibb.co/PDrqyXM