RWC.ASX_Bearish Breakdown Trade_Short

ENTRY: 3.39
SL: 3.64
TP1: 3.24
TP2: 2.96

- ADX>25
- Daily RS -ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Stoch RSI dipping down.
- First breakdown on 26 Sep 2022
- Entry based on today shows rejection of support-turn-resistance area (3.46) with engulfing red candle and high volume.

Trade closed: stop reached