ILU.ASX_Breakout and Retrace Trade_Long

ENTRY: 7.75
SL: 7.30
TP1: 8.50
TP2: 9.20

- ADX>20
- RSI>50 and >70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +veA
- Breakout with good volume on 29 Apr 2021
- Retraced with lower volume

Trade active:

- Take 60% partial at 8.77
- Shift SL: 8.00

Trade closed: stop reached:

- Hit adjusted SL: 8.32