SSP.NAS_Bearish Pullback Trade_Short

ENTRY: 14.95
SL: 16.40
TP: 13.40

- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 22 Apr 2022 with a pullback to support-turn-resistance area (17.80) before moving down again.
- Breakdown again on 9 May 2022 with a pullback to support-turn-resistance area (16.00) before moving down again.
- Rejecting downtrend line consistently so far.
- Entry based on today >3% rebound off 10EMA with volume.

Comment:

- Take 50% partial profit at 13.34
- Shift SL: 14.89

Trade closed: stop reached:

- Hit adjusted SL: 13.20