S&P 500 (SPX) Trade Plans

Hello Traders:


S&P 500 (SPX).

Trade Plan 1.

Short / Sell Trade.
Entry Level below the 38.2% FIB Level / Below 4 hour Support zone with Bearish candle
& depends on the break of FAT No 4000. Entry point @ 3998.50

TP - 1 : Above the FIB level 23.6% @ 3871.40
TP - 2 : Above the 4 Hour support level @ 3721.40
Take Profit - 3 : Above the FIB level 00.0% / Daily support level @ 3595.00

Stop Loss should be placed tightly to counter the trend change. Stop Loss @ 4062.45

Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size 10 units @ 5% Risk

TP - 1 = Total PIPS in gain = 127 Profit 2.96 %
TP - 2 = Total PIPS in gain = 227 Profit 6.17 %
TP - 3= Total PIPS in gain = 403 Profit 10.15 %
Total PIPS in Stop loss = 64 Loss 0.55%


Trade Plan 2.

Long / buy Trade.
Entry Level should be above the black trend line of broadening wedge with the bullish candle @ 4049.50

TP - 1 : Below the 50.0 % FIB level / 4 Hour resistance level @ 4180.00
TP - 2 : Below the 4 Hour resistance level @ 4292.00
TP - 3 : Above the FIB level 00.0% / Daily support level @ 4320

Stop Loss placed below the daily support level
Stop Loss @ 3957.00


Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size 4 units @ 5% Risk

TP - 1 = Total PIPS in gain = 130 Profit 3.63 %
TP - 2 = Total PIPS in gain = 242 Profit 6.23 %
TP - 3 = Total PIPS in gain = 270 Profit 6.94 %
Total PIPS in Stop loss = 93 Loss 1.97 %


Regards,
Chart PatternsHarmonic PatternsS&P 500 (SPX500)Trend Analysis

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