sp500 4hr long position rr of 2:1
sp500 reached 618 retracement from swing high to swing low, so expect small retracement to nearest support line, so a long trade set up with buy limit order.
It is a long trade because: MACD is above zero line and it is in the uptrend channel.
TP at major downtrend resistance line
SL at next resistance
RR of 2:1
It is a long trade because: MACD is above zero line and it is in the uptrend channel.
TP at major downtrend resistance line
SL at next resistance
RR of 2:1
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