Japan 225Short
JAPAN 225 - How far will this retracement go?
Updated
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
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