MP1.ASX_Bearish Pullback Trade_ShortENTRY: 6.53
SL: 7.41
TP1: 5.36
TP2: 4.81
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 21 Apr 2022 with volume before going into range and pullback to 20EMA.
- 30-31 May 2022 bearish engulfing candle near 20EMA and then went below 10EMA on 1 Jun 2022.
- Entry based on today >3% rebound off 10EMA with volume.
