Automatic Data Processing, Inc.
Long
Updated

Mean Reversion Setup: ADP

173
1. RSI in oversold region
2. Price likely to rebound back to the mean

Trade Rules:
Entry Trigger - RSI has cross below oversold region
Exit Trigger - Close price cross above exit trigger (Red Line)
Trade active
Entered Long @ 213.06
Trade closed: target reached
Price closed above exit trigger, close at market on open
Note
Exit Price: 203.18
P/L: -4.64%

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