Bullish Divergence does not work, but what about short trade?

The price did not move higher after the bullish divergence and the long position was closed by stop loss. If the bearish candle of this day closes below 1.37196, there will be new signal for opening short position in the direction of the main trend. The entry level will be the low of this candle. Stop Loss should be placed above 1.39513 and Take Profit level will be around 1.30050.

Trade closed: stop reached