
SHORT - GBPUSD
SL: 1.30077 (Suggested by our algorithmic system)
TP: 128.24 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Price on resistance level, tested 3 times
2. Bearish On Balance Volume Divergence
3. Accumulated/Distribution indicator showing signs of distribution.
4. MACD Bearish Crossover Signals
---------- Chart Drawings ----------
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Box: Resistance Level
Red Arrows: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system
Trade idea from our mobile app: https://ibb.co/K9nWCdC (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!