TLS.ASX_Retracement Trade_Long
Updated
ENTRY: 4.06
SL: 3.89
TP: 4.29
- ADX<20. Would like to be higher.
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD -ve
- Retracement to resistance turned support level since breakout of range on 18 Nov 2021.
- Volume dry up on 22 Nov 2021.
- Weekly chart shows possible hidden buying last week.
- Need to account for possible to retrace further to 38.1% fib. level.
- If break previous high 4.09, should expect further price movement up.
SL: 3.89
TP: 4.29
- ADX<20. Would like to be higher.
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD -ve
- Retracement to resistance turned support level since breakout of range on 18 Nov 2021.
- Volume dry up on 22 Nov 2021.
- Weekly chart shows possible hidden buying last week.
- Need to account for possible to retrace further to 38.1% fib. level.
- If break previous high 4.09, should expect further price movement up.
Trade closed: stop reached
- Hit shifted SL: 4.14
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.