Trade Idea on SPX futures (ES) by ThinkingAntsOk
Based on the previous post we made on S&P500 futures (check the link to related ideas), we have our short setup on position.
-We can see a breakout of the ascending channel + a pullback to the trendline
-We have set @sellstop orders at 3192.00 and a stop loss on 3304.25
-We will move our stop loss to entry-level when the price reaches the next support zone.
-Our Take profit is at 2896.50
-Risk Reward Ratio: 2.6
-IF price breaks above 3311.00 with close 4hs candlestick, we will cancel our short setup, and we will be looking for possible longs.
-NEVER RISK MORE THAN 1% of your trading capital. And always make your decisions based on your knowledge.
-We can see a breakout of the ascending channel + a pullback to the trendline
-We have set @sellstop orders at 3192.00 and a stop loss on 3304.25
-We will move our stop loss to entry-level when the price reaches the next support zone.
-Our Take profit is at 2896.50
-Risk Reward Ratio: 2.6
-IF price breaks above 3311.00 with close 4hs candlestick, we will cancel our short setup, and we will be looking for possible longs.
-NEVER RISK MORE THAN 1% of your trading capital. And always make your decisions based on your knowledge.
