DLavrov

S&P500 and Long Trade

Long
DLavrov Updated   
FX:SPX500   S&P 500 Index
Price bounced from Moving Average 50 with RSI confirmation. MACD started rising and gave a signal for a long trade. In spite of ADX is below 20 and it's confirmation that we don't have a strong movement, we can try to make some profit. Entry level is above 2181.00. Stop order must be placed below MA50. Profit target is the resistance level.
Trade closed: target reached

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