Red Line = Stop Loss
Black Line = Entry Point
2nd Red Line = Stop Profit
Green Line = Trade Closed
From the chart, all indicators shown signs to enter a short trade. Furthermore, looking at the black arrows drawn, we can see a divergence formed. It seems as though the bull trend had hit its limit, after the run from the past 2 days.
Update (17:43) : The trend had turned bullish suddenly, it almost hit my stop loss!! What a close call, the news event at 17:30 knocked the bull out. Will the trend continue to be bearish?? Or the bull shall stand once again??
Update (20:40) : Closed half of my trade.
Update (22:15) : Hit stop profit.
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