RFF.ASX_Down Trendline Breakout Trade_LongENTRY: 2.45
SL: 2.30
TP: 2.56 - 2.72
- ADX<20
- RSI>50, RSI<70
- Daily RS -ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS N/A
- Weekly FFI +ve
- Weekly MACD +ve
- Breakout down trendline with good volume
RFF trade ideas
ASX - RFF - LONGuptrend channel confirmed. broken out of channel to the downside but has since rejected and continuation may play out.
Short RFFDue to Macro today, RFF is looking good for a short. The reason why on the weekly the prices are below the 13 and 50 EMA with the confirmation of the MACD as a bearish. On the daily, the prices are also below the 13 and 50 EMA as well, with the confirmation of the Stoch confirming a bearish view. Looking for short below $1.95.
