Tradingkitchen
SPX500, what's next?What's next on #SPX500?
First of all: to be honest, before today we were pretty much sure it would reach 3000 Area.
Now, something is changed, obviously.
As the bullish trendline was broken on 2900 we turned our trades on a short view and we made a very good profit, as you can see on our free Telegram Channel but
once broken the important level in 2830, we cannot think about long trades.
So we wait for the same level is retested again to open another short position until 2777 area.
If broken as well, we wait for it to reach the previous point 4 of Elliot Wave visible on the daily timeframe.
Target 2730.
AUDUSD possible shortGood sell opportunity for AUDUSD.
Lots of setups:
- Fibonacci Cluster
- Previous Impulse on the 9th of March
- Elliot Wave Pattern with point 5 confirmed.
- Double Top
So you can enter now with
SL 0.6696 (above Fibo Cluster)
TP 0.62560 (point 4)
Or, if you want one more confirmation (and lower risk) you can wait for the neckline to be broken and short on the retest.
EURJPY long soonGood long setup for #EURJPY for the next 3 days.
The bearish trendline was broken by a strong impulse on 30 of April.
So we have to wait for the retest but it will probably begin to bull before.
115.8 it's the level from which it bounced before and could be a good point to enter.
A Fibo cluster is on the way with a bullish trendline as well.
First Entry 115.800
Second Entry 115.5
SL 115.34
TP 116.67