ALL.ASX_Wash and Rinse Trade_Long

ENTRY: 38.74
SL: 36.77
TP1: 41.42

- ADX>20.
- RSI<50,RSI>30
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- On a downtrend since 3 Nov 2021 and currently at strong support area 38.10 which was tested before on 27 Jan 2022.
- Wash candle on 22 Feb 2022 and Rinse candle today.
- Short swing trade on reversal.
- Will be invalid if goes below support area.

Trade closed: stop reached