MAR testing the resistance zone...
Updated
SHORT - MAR
SL: 136.16 (Suggested by our algorithmic system)
TP: 128.24 (Suggested by our algorithmic system)
Reasons behind this idea:
1. On weak resistance trendline.
2. Accumulated/Distribution indicator showing signs of weak accumulation to push price higher.
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/Kh5T7QG (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
SL: 136.16 (Suggested by our algorithmic system)
TP: 128.24 (Suggested by our algorithmic system)
Reasons behind this idea:
1. On weak resistance trendline.
2. Accumulated/Distribution indicator showing signs of weak accumulation to push price higher.
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/Kh5T7QG (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
Trade closed: stop reached
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