TYR trade ideas
TYR.ASX_Breakdown CPR Trade_ShortENTRY: 1.67
SL: 1.92
TP: 1.415
- ADX>20
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Broke down heavily on 21 Feb 2022 and had been retracing since then but low volume.
- 25 Mar 2022 shows possible rejection of middle CPR and pivot point.
- Entry based on breakdown from monthly CPR today.
TYR.ASX_Range and Up Trendline Breakdown Trade_ShortENTRY: 3.28
SL: 3.48
TP1: 3.00
TP2: 2.64
- ADX<20. Would like to be higher.
- RSI<50,RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS N/A
- Weekly FFI -ve
- Weekly MACD -ve
- Breakdown from range and up trendline on 18 Aug 2021 first.
- 19 Aug 2021 showed buyers coming in but closed with a long head wick indicating possible sellers still in play.
- Breakdown today rejecting up trendline and support-turned-resistance area. Continue to be bearish as long as closed below this area.
