Short

S&P Short idea ..Risk 31 pips. Target 1= 82 Pips, 2=108,3=126

Updated

Short Trade Set up Idea for the Following Week 7-25-22
ON the week chart if this Idea plays out the Candle will take out the previous week/current week of 7-18-22 forming a head and shoulders.
The shoulder is using the closing price of the Day July 19th 2022.

Stop Loss 3965.00
ENTRY= 3934.00
Target 1 = 3852.00 Pips 82
Target 2 = 3826.00 Pips 108
Target 3 = 3808.00 Pips 126

Trade risk 31 Pips

Note

price came up to stop loss at 9am, using 4hr confluence. I entered trade, and made my stop loss my first entry. entered at 3969.

Note

Looking for price to continue lower, break lows and retrace to july 19th close and enter again at orignal trade idea price at 3934

Forecastah

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