SHV.ASX_Retracement Trade_Long

ENTRY: 5.39
SL: 6.72
TP: 8.13

- ADX>20. Would like to be higher.
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Broke out range on 13 Jul 2021 with high volume.
- Retraced close to 38.2% Fib level with lower volume.
- Up with high volume today indicating possible buyers coming in again.

Trade closed manually:

- Hit adjusted SL: 7.81
- Monitor price action towards 7.68 which is the resistance-turned-support level for reentry