Forex48_TradingAcademy

S&P 500 ICT Setup with double entries!

Long
OANDA:SPX500USD   S&P 500 Index
On the S&P 500, we have a bullish setup after the price during the London session broke a H4 swing high at the level of 4383. By breaking the market structure, the price has marked a cluster of orders, a demand zone at the level of 4366-4369 where the price could retrace and where a long position could be considered. Furthermore, the price might extend its move up to the level of 4410 without encountering our demand zone. This is because at the level of 4410, we have a supply zone between H4, H1, and M15 timeframes. This is an area where short positions with a target of 4100 could be contemplated. Let me know your thoughts. Happy trading to all!

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