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!
Nota
WOW ... the price just shaved below the SL level. The momentum has reversed for now but in the world of trading anything can happen. :)Dagangan ditutup: hentian tercapai
Screenshot ibb.co/PDrqyXM
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.