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
Dagangan ditutup secara manual
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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. :)