S&P 500 Long
US 500 CFD
The target projection for the S&P results in a target of 5428, which is in the area of the 70% Fibonci retracement.
It would be quite possible for the price to test the low again in the 5090 area. But for this trade I assume that a good premium area will be reached first.
I open a long trade with 2 entry points.
A market order and a second limit order. The risk is distributed across both positions.
Target 1 = 61.8 Retracement
Target 2 = 70.0 Retracement
Risk Reward Trade 1 = 1/1
Risk Reward Trade 2 = 1/2.07
The target projection for the S&P results in a target of 5428, which is in the area of the 70% Fibonci retracement.
It would be quite possible for the price to test the low again in the 5090 area. But for this trade I assume that a good premium area will be reached first.
I open a long trade with 2 entry points.
A market order and a second limit order. The risk is distributed across both positions.
Target 1 = 61.8 Retracement
Target 2 = 70.0 Retracement
Risk Reward Trade 1 = 1/1
Risk Reward Trade 2 = 1/2.07
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