Trading Idea 002: S&P500

Market Conditions:
- trend reversal
- bullish sentiment in the market

Key Level and Lines:
- $4015.4 resistance

Trading Ideas:
- go long after a consolidation above $4000
- a false breakout and bearish sentiment in the market = trade opportunity for shorting.

Commentaire:

Plan A failed. The long position was closed by stop.
Plan B activated a short trade. for this, we used a false breakout signal above the resistance.

The price reached the 1st profit target = 1:3 r/r ratio.

Trade fermée: cible de profit atteinte