Long
ABC.ASX_Down Trendline Breakout Trade_Long
ENTRY: 3.71
SL: 3.50
TP1: 3.87
TP2: 4.26
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Showed strength on 4 Aug 2021.
- Retraced close to 50% Fib level (3.60) with lower volume.
- Breakout of down trendline with high volume on 18 Aug 2021.
SL: 3.50
TP1: 3.87
TP2: 4.26
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Showed strength on 4 Aug 2021.
- Retraced close to 50% Fib level (3.60) with lower volume.
- Breakout of down trendline with high volume on 18 Aug 2021.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.