WSI long, chart poised for big break to follow on fundamentalsChat poised for strong move higher in line with recent massive contract wins. Confirmation of profitability of contracts will see a major shift in sentiment.
WestStar Industrial Ltd.
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Trade ideas
Possible WSI ASX Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 - 3 weeks
Actions on -
A – Activating Event
Market will find support in zone @ Current Levels - .... and move to the 0.040 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.040
ASX:WSI
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.040
Target 2 @ ....
Risk/Reward @ 1.5.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
$WSI.ASX - Took a position,trend looks about to reverse on chart$WSI.ASX - Took a position, Price is testing the upper bound of range. Price also made a good base after recent breakout...trend looks about to reverse IMO.
