YAL.ASX_Retracement Trade_Long Long

YANCOAL AUSTRALIA LIMITEDASX

Description

⋅ Jan 18, 2022 3:39 AM

ENTRY: 2.99
SL: 2.75
TP1: 3.58
TP2: 4.23

- 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 13 Jan 2022 with good volume.
- Retracement thereafter, and today shows volume dry up.
- Looking for it to break 3.07 for further uptrend movement.

Trade closed: stop reached

⋅ Jan 23, 2022 11:58 PM

Comments

DJWTrading

⋅ Nov 28, 2022 10:35 AM

This was a really good idea. TA was spot on. That stop was just a bit too tight.