SPXUSD Has been printing lower lows and lower highs since it failed at previous resistance late march.
Price is trading below EMA 50 on the 4H and the Daily timeframe, and has formed a lower channel trendline and the projected upper channel trendline and the EMA50 4H acts as confluence in this setup.
4140 area will act as a potential target if trade is triggered and gets some traction to the downside.
Entry will be automated using a expert advisor with a 50 point stop.
Price is trading below EMA 50 on the 4H and the Daily timeframe, and has formed a lower channel trendline and the projected upper channel trendline and the EMA50 4H acts as confluence in this setup.
4140 area will act as a potential target if trade is triggered and gets some traction to the downside.
Entry will be automated using a expert advisor with a 50 point stop.
Order cancelled:
No fill, will follow for another setup down the road.