ASX end of day trading review 06 09 2021
FMG sell trades
The gap down this morning caught me by surprise and I gave price some time to settle before exiting with what looked like a bottom being established at 18.60. My exit at 18.98 was after a test and move higher off VWAP. The short at 18.60 was with less size as the ideal entry at the break under 18.80 was missed when I was having a run with this perfect spring weather coming back to Perth. If price does push back over 18.80 I'll exit this short and wait for some more clarity on price direction, the iron price moving lower throughout the day was another factor for this short at 18.69 to be taken.
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