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jazziej
Feb 17, 2022 12:17 PM

YAL Swing Trade Long

YANCOAL AUSTRALIA LIMITEDASX

Description

ASX:YAL


Trend observed on the 4H and looking to trade in the 1H.
• Long position, conservative target well below next resistance level.
• Currently in the low volume profile zone i.e. not much volume traded previously in this region.
• short term and long term EMA trends (daily) both bullish.
• ADX (daily) is showing strong trend strength (above 25).
• Coal prices favorable atm.

Trade closed: target reached

Take Profit level reached!
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