Swing setup reversal for SP500
Updated
**Not financial or trade advice, this is not a signal service**
Anticipating to see lower prices on SP500. The trade idea has 3 individual targets - T1 will be used to remove risk on trade (BE) and take partials, T2 to take partials and let the rest run, T3 for full close.
Reasoning:
Will update the trade idea at the end.
Anticipating to see lower prices on SP500. The trade idea has 3 individual targets - T1 will be used to remove risk on trade (BE) and take partials, T2 to take partials and let the rest run, T3 for full close.
Reasoning:
- Change of structure to the downside;
- Resting liquidity below current price;
- Overextension of current trend;
- HTF DXY liquidity above current price;
Will update the trade idea at the end.
Note
As of this moment, the trade is ITM, but no significant structural breaks have occurred yet.Note
At BE, 20% off the trade, the rest is risk free.Note
Another partial offloaded, 20%Trade closed: target reached
The desired area was reached in just over 27 days.
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.