CADSGD looks good to go LONG now, but looks can be deceiving!

3 nov 2019

Reasons behind this idea:

1. Detected bullish squeeze on the 1Hr Timeframe by our algorithmic systems.

2. Stochastic indicators are headed in the oversold zone.

3. Bullish hammer candle pattern on a support trendline.

Caution: MACD indicators have crossed bearishly.

---------- Chart Drawings ----------

Red Line: Resistance Trendline
Blue Line: Support Trendline
Purple Line: Suggested Stoploss
Green Line: Suggested Take Profit


Please trade responsibly and good luck!

3 nov 2019

Nota

Here is a screenshot of the idea from our mobile app ibb.co/KV92N5S

Please note the app is still undergoing internal testing.

9 nov 2019

Operación cerrada: precio stop alcanzado

Support blue line is broken and is now the new resistance line until it holds.

Here is the screenshot from our mobile app showing loss for the trade idea. ibb.co/JHWYrV8

20 nov 2019

Nota

In this scenario the breakout was not fake or false, the market respected the new resistance trend line (blue line) and fell further down.