WDS Long Investment Conservative Trend Trade

BATS:WDS   Woodside Energy Group Limited
Conservative Trend Trade 8F
+ long impulse
+ support level
+ significant bar level
- below 1/2 correction
+ volumed 2Sp+
+ weak test
+ first bullish bar closing entry

Calculated affordable virtual stop loss

Take profit:
20% at 1 to 2 R/R on Daily
20% at Daily resistance level T1
20% at 1/2 of Monthly
20% at Monthly resistance level CREEK
20% at Monthly thick level resistance T2

Monthly Context
+ long balance
+ support level
+ 1/2 correction
+ biggest volume Spring
- volumed test in progress"
Trade active:
WDS doesn't go my direction, bearish on hourly, hit my virtual stop loss, so I moved take profit to break even at $19.78.

I still think it's in accumulation campaign on monthly die to the volume that cam in recently, but I want to part with this stock at least for now.

It's below 1/2 correction on daily, hourly is bearish and volume distribution on hourly is not in my favoe.
Trade closed manually:
I'm out for break even.

I still think it's an interesting stock and smart money accumulate on monthly.

Bigger volume on the test concerns me a lot on monthly.

Will be waiting for the price to interact with monthly support and will look out for re-entry.


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