Furthermore, lay the first stone shorting opportunity in S&P500
Apologetic 💔 for the prior assignment we barely forfeited our targets in the primary go and fell short 6 points but we hit by TSL in recent trade.
Anyways, I again found the setup as simple as the previous time.
This time we had lf you precisely say than 16 points so but we would conserve 20 points stop ⛔ and 1:2 tiniest targets for this trade and as it's in 1hour time frame so found it reasonable.
Reason 1 for me it took exact resistance from the upper blue line and fell
Reason 2 Rsi is in the overbought zone so it fell so it should face resistance at 70 levels and go further below.
Anyways, I again found the setup as simple as the previous time.
This time we had lf you precisely say than 16 points so but we would conserve 20 points stop ⛔ and 1:2 tiniest targets for this trade and as it's in 1hour time frame so found it reasonable.
Reason 1 for me it took exact resistance from the upper blue line and fell
Reason 2 Rsi is in the overbought zone so it fell so it should face resistance at 70 levels and go further below.
Trade closed: stop reached