S&P has been testing the 2340 area and bulls have been doing a great job sustaining price at this level.
However we are once again at the support and looking to price action we just made a Fakey pattern or a bull trap. If bears are serious about taking price down then i want to join them.
I placed a sell stop at the low of the mother candle of the inside bar ( a little bit below of the low at 2398,93 - below the round number of 99´s).
My SL is just above the high of the mother candle high.
TP 1 at 2328
TP 2 at 2313
Also a decent risk to reward ratio
I´ll cancel the order if price closes above 2350
However we are once again at the support and looking to price action we just made a Fakey pattern or a bull trap. If bears are serious about taking price down then i want to join them.
I placed a sell stop at the low of the mother candle of the inside bar ( a little bit below of the low at 2398,93 - below the round number of 99´s).
My SL is just above the high of the mother candle high.
TP 1 at 2328
TP 2 at 2313
Also a decent risk to reward ratio
I´ll cancel the order if price closes above 2350
Trade active
Comment:
Trade closed: stop reached
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