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!
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 closedNote
50.7% profitScreenshot: ibb.co/pQVSm2w
Short-Term trend reversal is confirmed on the 1 Hour Chart.
Note
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.