JAPAN 225 - How far will this retracement go?

13 Kas 2019

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!

14 Kas 2019

İşlem elle kapatılmış

Our app closed

14 Kas 2019

Not

50.7% profit
Screenshot: ibb.co/pQVSm2w

Short-Term trend reversal is confirmed on the 1 Hour Chart.

18 Kas 2019

Not

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.

25 Kas 2019

İşlem kapandı: hedefe ulaştı