MFG.ASX_Bearish Pullback Trade_Short

ENTRY: 11.61
SL: 12.61
TP: 9.55

- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 6 Jun 2022 before retracing back to support-turn-resistance area.
- Another breakdown and rebound off 10EMA on 4 Jul 2022. Downtrend still intact.
- Entry based on today >3% rebound off 10EMA. Would like volume to be higher.
- More downside once break 11.10.

Trade closed: stop reached