It's a potential short position for at-least 330 pips.
TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point 2135.50, you can still catch 200 pips till TP1 is reached, however there may be a slight pullback., It is recommended to enter with a smaller lot size if you want to short right away & manage your stop loss accordingly.
*** On a bigger Time-frame (Daily) Max Upper Limit for Spx is 2294.00-2316.00. It should not go above this limit as per my analysis.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity
TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point 2135.50, you can still catch 200 pips till TP1 is reached, however there may be a slight pullback., It is recommended to enter with a smaller lot size if you want to short right away & manage your stop loss accordingly.
*** On a bigger Time-frame (Daily) Max Upper Limit for Spx is 2294.00-2316.00. It should not go above this limit as per my analysis.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity
Trade closed manually:
As Titled --- SPX500-Short-Position-for-atleast-330-Pips/
Entered at 2158.00 Last night & Partially Closed at 2147.00 - Earned 110 Pips :)
Moved Stop Loss to BE which was hit today. I am out of this trade with 110 pips.
Earned 1/3 of 330 pips. The trend is prolonged and correction is due but
I don't see a good move at the moment to re-enter. so stay out of it now.
Good Luck !
Don't forget to like if you have followed this idea and made a profit. :)
Entered at 2158.00 Last night & Partially Closed at 2147.00 - Earned 110 Pips :)
Moved Stop Loss to BE which was hit today. I am out of this trade with 110 pips.
Earned 1/3 of 330 pips. The trend is prolonged and correction is due but
I don't see a good move at the moment to re-enter. so stay out of it now.
Good Luck !
Don't forget to like if you have followed this idea and made a profit. :)