Disclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
SXP is a bit in nobody's land, it found some support around 2.27 but don't let that fool you because we lost an important level the past couple of days ($3) and overall the momentum is quite bearish. So is there any opportunity for HLTs? Right now, no sadly. However I see a good potential setup should we retest $3, the area 2.85-3.09 is great if you are looking for entries for a high leverage short with target the lower part of the range around 2.5.
Entry: 2.85-3 SL: 3.08 TP1: 2.5 TP2: 2.28