Here is a short trade idea on the S&P, using the SPX500USD chart.
We are basically at all time highs right now. This short idea is based on buyside liquidity recently raided, and now looking to ride a retracement/reversal down to a Discount PD Array.
There was a good-looking Unicorn setup that formed. Price is already in an entry area, but I've indicated a higher POI should price come up one more time (if we are ready to retrace). The targets are either Weekly BISIs, with the terminus at the beginning of the lowest Weekly BISI.
Overall, a pretty straight-forward trade. Since this is the 4h, I will be looking for a lower timeframe manipulation at a Killzone during a likely day, or news event to confirm lower prices.
- R2F
We are basically at all time highs right now. This short idea is based on buyside liquidity recently raided, and now looking to ride a retracement/reversal down to a Discount PD Array.
There was a good-looking Unicorn setup that formed. Price is already in an entry area, but I've indicated a higher POI should price come up one more time (if we are ready to retrace). The targets are either Weekly BISIs, with the terminus at the beginning of the lowest Weekly BISI.
Overall, a pretty straight-forward trade. Since this is the 4h, I will be looking for a lower timeframe manipulation at a Killzone during a likely day, or news event to confirm lower prices.
- R2F
R2F