Johnny_Yu
Long

Waiting for pull back to long S&P

FX:SPX500   S&P 500 Index
108 views
4
108 1
Finally, after days of moving within the range btw 2058 and 2075, the price broke the range.

Don't rush to long the index, I recommend patiently waiting for pull back to area around 2075. I would change my trading timeframe to 15 minutes to look for entry confirmation. RSI should be btw 40 and 60 to place the order then.

Target: 2088

entry area: 2073-2075

Profit margin above 6


Order cancelled
RSI below 40 when retesting the area. Decide not to enter the trade.
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