Swing setup reversal for SP500

**Not financial or trade advice, this is not a signal service**


Anticipating to see lower prices on SP500. The trade idea has 3 individual targets - T1 will be used to remove risk on trade (BE) and take partials, T2 to take partials and let the rest run, T3 for full close.
Reasoning:

• Change of structure to the downside;
  
• Resting liquidity below current price;
  
• Overextension of current trend;
  
• HTF DXY liquidity above current price;
  

Will update the trade idea at the end.

Comment:

As of this moment, the trade is ITM, but no significant structural breaks have occurred yet.

Comment:

At BE, 20% off the trade, the rest is risk free.

Comment:

Another partial offloaded, 20%

Trade closed: target reached:

The desired area was reached in just over 27 days.