PGH.ASX_Range Breakout and Retracement Trade_Long

ENTRY: 3.92
SL: 3.60
TP: 4.83

- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD -ve
- Sign of Strength on 28 Jul 2021 and break above HVN.
- Retraced on lower volume and moved up with higher volume subsequently.
- Hit high of 4.02 before retracing back to 38.2% Fib. level and bouncing up on 6 Aug 2021.
- Expected to go sideways awhile and upside remains intact as long as above HVN.

Operación activa:

- Take 50% partial at 4.44
- Shift SL: 4.04

Operación cerrada manualmente:

- Closed position at 4.14
- Red candle with high volume indicating sellers coming in