DMP.ASX_Bearish Breakout Trade_Short
Updated
ENTRY: 75.45
SL: 82.29
TP1: 70.60
TP2: 66.31
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 23 Feb 2022 and in range contraction since then.
- Entry based on today breakdown from range, >3% rebound off 10EMA and down-trendline with volume
SL: 82.29
TP1: 70.60
TP2: 66.31
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 23 Feb 2022 and in range contraction since then.
- Entry based on today breakdown from range, >3% rebound off 10EMA and down-trendline with volume
Trade active
- Bearish momentum still strong- Hold positions for TP2
Trade active
- Take 50% partial at 67.75- Shift SL: 73.70
Trade closed: stop reached
Hit adjusted SL: 72
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.