Cory4rex

SPX 9/28/22 BUY setup and FVG failure example

Long
Cory4rex Updated   
BLACKBULL:SPX500   S&P 500 Index
Today took a trade based on the 4H setup as the 10am candle opened. Saw that we had a LTF FVG on the 15m (bearish) that failed and became short term bullish and got the entry on the 15m-FVG(H). Order flow confirmed entry to the upside. Buyers hit the bid price at the entry and followed through afterwards.

Stop loss in profits and partialed at target 2 so this is risk free. Target 3 is the 4H-FVG(H) and that where I'm aiming for another partial. I hope this has some legs to keep running.
Trade closed: target reached
Trade active:
Partial at target 3 and aiming for an additional piece

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.