CHN.ASX_Retracement Trade_Long

ENTRY: 7.95
SL: 7.05
TP1: 8.91
TP2: 9.34

- ADX<20. Would like it to be higher.
- RSI<50,RSI>30
- Daily RS +ve
- Daily FFI -ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Broke out of downward channel on 9 Nov 2021 before on another downward channel currently.
- Retracement in 2nd downward channel looks well controlled and possible BIC on 10 Feb 2022 near the 200MA.
- Once clear HVN, it should move to the top of the current downward channel.

Trade closed manually:

- Closed position at 7.17