SPX500USD/tunnel+ema (LONG)
Updated
(1h timeframe) (4h)
(TRAYING LOWER TIMEFRAMES)
DETAILS: at the 4h time frame we can see clearly that the we are in strong uptrend and inside a tunnel , we can see how the price reacted every time it touched the support line of the tunnel .
at the 1h timeframe the price touched the support line of the tunnel and reacted ok , I needed extra confirmation , the third candle after the touch, touched the ema 200 and I waited to see if the price reacting well and it did !
we can see how the price reacted to the ema well by a big bullish candle that came with strong volume when this candle closed I have entered the trade .
the SL is below the support line and the ema 200 , the TP is a little before the resistance line of the tunnel .
(TRAYING LOWER TIMEFRAMES)
DETAILS: at the 4h time frame we can see clearly that the we are in strong uptrend and inside a tunnel , we can see how the price reacted every time it touched the support line of the tunnel .
at the 1h timeframe the price touched the support line of the tunnel and reacted ok , I needed extra confirmation , the third candle after the touch, touched the ema 200 and I waited to see if the price reacting well and it did !
we can see how the price reacted to the ema well by a big bullish candle that came with strong volume when this candle closed I have entered the trade .
the SL is below the support line and the ema 200 , the TP is a little before the resistance line of the tunnel .
Trade closed: target reached
TP !!
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