WEB.ASX_Range Breakout and Retracement Trade_Long

ENTRY: 5.58
SL: 5.30
TP: 6.22

- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Breakout of range on 25 Aug 2021. Retraced with lower volume to resistance-turned-support.
- Buyers coming in on 31 Aug 2021.

Comment:

- Shift SL:5.70

Trade closed: stop reached:

- Hit adjusted SL: 5.89