S&P500 3 Months Trading Channel
Hey guys, didn't post new set-ups because the market is quite boring right now.
But explored some ETF and found an idea for stable trades. As we know, ETF's and some pairs are like to move in long channels, which is pretty easy to trade.
Here at the S&P500 we can see the raising channel from 5th January and I mark the zones, where you can open long positions, as the channel is raising I will recommend to trade only long positions.
What we're looking for before open the position:
1) The price have to cross the support level of the channel
2) As a help you can use Awesome Oscillator (if the oscillator is changing color and starting to raise up) you can use this as confirmation to open the position.
IMPORTANT! Don't forget to follow RM strategy. Use SL orders a bit lower from price crossing the support line!
Trade stocks and ETF at BingX with no special requests, only using crypto by my link: bingx.com/invite/E6RCUFJT
But explored some ETF and found an idea for stable trades. As we know, ETF's and some pairs are like to move in long channels, which is pretty easy to trade.
Here at the S&P500 we can see the raising channel from 5th January and I mark the zones, where you can open long positions, as the channel is raising I will recommend to trade only long positions.
What we're looking for before open the position:
1) The price have to cross the support level of the channel
2) As a help you can use Awesome Oscillator (if the oscillator is changing color and starting to raise up) you can use this as confirmation to open the position.
IMPORTANT! Don't forget to follow RM strategy. Use SL orders a bit lower from price crossing the support line!
Trade stocks and ETF at BingX with no special requests, only using crypto by my link: bingx.com/invite/E6RCUFJT
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