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TRADER-WANNA-BE
Sep 29, 2022 6:41 AM

AAC.ASX_Bearish Pullback Trade_Short Short

AUSTRALIAN AGRICULTURAL COMPANY LIMITED.ASX

Description

ENTRY: 1.705
SL: 1.81
TP1: 1.665
TP2: 1.585

- ADX<25. Would like to be higher.
- Daily RS -ve
- Daily FFI -ve
- Weekly RS +ve
- Weekly FFI -ve
- Moving averages are aligned.
- Price breakdown from uptrend line on 20 Sep 2022 and rejected it on 26 Sep 2022 where it also breakdown from 200EMA.
- Entry based on today from pullback and rejection of support-turn-resistance area (1.76) and 200EMA.

Trade closed: stop reached

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