Hello Everyone. I want share my idea about S&P 500 which will be signal for next week.
After Some pretty bearish momentum we got rejection from daily support. i think S&P will continue fall and i will try to catch that moment, for that i identify liquidity swings which gave me perfect entry area after used my Fibonacci levels, Fibonacci 78.60LVL and daily resistance is same place, trend what i see is still bearish, for that i decide to short it from That zone.
Here is my setup for my trading signal.
Open Short Position - 4332.1
Stop loss - 4358.00
Take Profit - First target at 4238.3 if it will reach then i will trail my stop loss at the Level.
Always Manage your own risk and make your own research!!!
After Some pretty bearish momentum we got rejection from daily support. i think S&P will continue fall and i will try to catch that moment, for that i identify liquidity swings which gave me perfect entry area after used my Fibonacci levels, Fibonacci 78.60LVL and daily resistance is same place, trend what i see is still bearish, for that i decide to short it from That zone.
Here is my setup for my trading signal.
Open Short Position - 4332.1
Stop loss - 4358.00
Take Profit - First target at 4238.3 if it will reach then i will trail my stop loss at the Level.
Always Manage your own risk and make your own research!!!
Trade active:
I am in!!!
Comment:
Stop Trailed to 4344.00!!!
Trade closed: target reached:
Target HIT!!!
