S&P500 index fell from a high cliff
The SP500 index has grown in value for a long time and gradually. The price movement was moving in a growing trend and new highs were replaced by new lows. But each time these levels were higher and higher. But such a measured movement has abruptly changed its rules. The new low was at the level of the last low, not above it. This is a signal of a reversal of the current trend. Our trading strategy for this index will be based on the breakout of the low at 4350.0. If soon the price starts to fall, then we will open a short position with a target of 200 pips to the first support level of 4330.0. The MACD indicator is below the zero levels and the price is below the 200 simple average. These are additional signals that the trend is reversing.
Order Type: Pending Order - Sell Stop
Entry Price at 4350.0
Take Profit at 4330.0
Pips Earning: 200
Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1700
USDJPY sell at the price of 109.40
GBPUSD sell at the price of 1.3645
USDCHF sell at the price of 0.9280
The result of a trade recommendation.
The profit can be $200.00 if the trading volume of 10 Futures.