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TRADER-WANNA-BE
May 7, 2021 6:26 AM

NWH.ASX_Range Breakout and Retrace Trade_Short Short

NRW HOLDINGS LIMITEDASX

Description

ENTRY: 1.740
SL: 1.920
TP: 1.555

- ADX>20
- RSI<50, RSI<30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout from range and descending triangle with decent volume on 4 May 2021

Trade active

- Hit TP
- Next TP: 1.40
- Take 50% partial at 1.54
- Shift SL: 1.74

Trade closed manually

- Closed position at 1.62
- Looks like reversal going to happen
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