ernstschwarz

SPX500 SP500 S&P500 long Idea

Long
ernstschwarz Updated   
FX:SPX500   S&P 500 Index
I would be interested in a little buy SPX500 when there is some bullish looking price action showing up. No entry as yet.
Partial profit when it should reach the trendline. A breakout of the downtrend would be amazing afterwards but I doubt that will happen.
If you find a good entry for yourself please keep in mind not to risk more than 1% on your stopploss!
Comment:
strong bullish bar on 1h chart. lets see how this hour ends and then place a buy 10 pips above that 1h bar plus stopploss below would be a chance to get into that.
Comment:
15 minute chart view supports the buy idea because trendline was broken.
Comment:
price is at the 61.8 retracement and had two attempts to go down but ended in bullish reversal candles. watch out for buying this.
Comment:
long after 61.8 retracement going good so far
Trade closed manually:
take profit. buy closed.
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