CADSGD technically oversold

2019-11-21 05:50:53

LONG - CADSGD
SL: 1.02069 (Suggested by our algorithmic system)
TP: 1.03173 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Stochastic and RSI indicators suggests this currency pair is oversold

2. RSI and On Balance Volume indicators is showing bullish divergence

Caution: MACD is still showing bearish momentum

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

Blue Dotted Line: Broken Support Trendline
Red Solid Line: Resistance Trendline
Blue Arrow Line: Bullish 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/MDfhNzx (Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!