DMP.ASX_Bearish Breakout Trade_Short

ENTRY: 75.45
SL: 82.29
TP1: 70.60
TP2: 66.31

- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 23 Feb 2022 and in range contraction since then.
- Entry based on today breakdown from range, >3% rebound off 10EMA and down-trendline with volume

Trade active:

- Bearish momentum still strong
- Hold positions for TP2

Trade active:

- Take 50% partial at 67.75
- Shift SL: 73.70

Trade closed: stop reached:

Hit adjusted SL: 72