Hello,
SPXUSD pulled back at the recent resistance zone from the daily where the last breach happened. The first reach to this area led to a massive sell. Now, the buying momentum looks aggressive but it is slowing down, showing the H4 buyer is losing strength at the same area.
Entered short with a stop loss around - 2685
First traget - 2633
Good luck :)
SPXUSD pulled back at the recent resistance zone from the daily where the last breach happened. The first reach to this area led to a massive sell. Now, the buying momentum looks aggressive but it is slowing down, showing the H4 buyer is losing strength at the same area.
Entered short with a stop loss around - 2685
First traget - 2633
Good luck :)
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.