SL: 221.38 (Suggested by our algorithmic system) TP: 203.25 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Price reaching resistance zone
2. Predicting price is on a downtrend channel
3. Volume indicators starting to look weak on the 4 hr chart
Trade idea from our mobile app: ibb.co/9ct1dcS (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline Red Dotted Line: Broken Resistance Trendline Blue Solid Line: Support Trendline Red Solid Line: Resistance Trendline Blue Rectangle Box: Support Level Red Rectangle Box: Resistance Level Blue Arrow Line: Bullish Divergence Red Arrow Line: Bearish Divergence Red Shade Box: Suggested Stoploss by our algorithmic system Green Shade Box: Suggested Stoploss by our algorithmic system