SYM.ASX_Bearish Pullback Trade_Short
Updated
ENTRY: 3.31
SL: 3.80
TP1: 3.07
TP2: 2.91-2.97
- ADX<25. Would like to be higher.
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Price breakdown on 23 Sep 2022 and then pullback.
- Candle on 10 Oct 2022 shows rejection of support-turn-resistance area with head wick and high volume.
- Entry based on today from pullback and rejection of support-turn-resistance area (3.46) with engulfing candle.
SL: 3.80
TP1: 3.07
TP2: 2.91-2.97
- ADX<25. Would like to be higher.
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Price breakdown on 23 Sep 2022 and then pullback.
- Candle on 10 Oct 2022 shows rejection of support-turn-resistance area with head wick and high volume.
- Entry based on today from pullback and rejection of support-turn-resistance area (3.46) with engulfing candle.
Trade closed manually
- Closed position at 3.07- Yesterday hammer pattern indicates possible short-term reversal
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