SPY - LONG (2 trades)
Trying lower timeframes (1h)
First trade -
enter price -387.78
stop loss -385.42
take profit -392.50
DETAILS: the price is in an uptrend inside a tunnel , I decided to enter at the third candle after the touch at the support line of the tunnel and the touch at the strong support area.
The SL is below the ema 200 , the support line of the tunnel and there strong support area .
Second trade -
swing 10 high low strategy
enter price -391.01
stop loss -388.76
take profit -396.40
DETAILS: the price tried to break the swing 10 high (the red line) once and couldn't do it returned back below ( the red candle that I put the ellipse on ,we can see his long wick facing down , it means that there is a strong rejection of the price going down).
at the second time the price have broke the swing 10 high with a big bullish candle (the volume wasn't that strong) , now we have entered the trade.
First trade -
enter price -387.78
stop loss -385.42
take profit -392.50
DETAILS: the price is in an uptrend inside a tunnel , I decided to enter at the third candle after the touch at the support line of the tunnel and the touch at the strong support area.
The SL is below the ema 200 , the support line of the tunnel and there strong support area .
Second trade -
swing 10 high low strategy
enter price -391.01
stop loss -388.76
take profit -396.40
DETAILS: the price tried to break the swing 10 high (the red line) once and couldn't do it returned back below ( the red candle that I put the ellipse on ,we can see his long wick facing down , it means that there is a strong rejection of the price going down).
at the second time the price have broke the swing 10 high with a big bullish candle (the volume wasn't that strong) , now we have entered the trade.
Comment:
DIA**
Comment:
first one went great
seconed one hit the SL
seconed one hit the SL