S&P 500 index of US listed sharesFXCM
Description
⋅ Looking for a short somewhere between 2105 - 2110
Reasons for the trade:
- Dollar strength due to planned rate hike
- Volatility from devaluing Yuan
- Top of a downward channel
- Strong resistance that hasn't been broken yet
Initial target would be the bottom of the channel but could be lower if it breaks that.
Trade active
⋅ Trade closed manually
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