S&P500 Trading Setup

The last few sessions were marked by a few turbulent moves. We had GOLD breaking the imminent support level and the British Pound following suit on Brexit talks.

by: Colibri Trader

The EUR/USD and AUD/USD trading ideas from Sunday turned sour. There was not much momentum and the profit takers lost patience. Both currency pairs have turned south since then. The GERMAN30 (DAX) trading idea has gained us some nice pips and is looking ready for more. I am going to let this position run. Let’s see what the price action will show us in the next few trading sessions.

S&P500 Trading Setup

The trading setup from today is a bullish S&P 500 one. I am seeing a daily bullish pin bar and am expecting to see some fresh gains. I will be looking to enter in a long trade at around 2157. My stop loss would be placed just under 2140. My first target is the level of 2180.

Happy Trading,

Colibri Trader

P.S.

Check out the most comprehensive article on Support and Resistance HERE

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