SELL FTSE100 Index Analysis on H1: 📉
FTSE100 Index Analysis on H1: 📉
EMA89 and Price Movement:
The price is currently moving below the EMA89, indicating a bearish momentum.
Price Pattern:
The market is forming lower highs and lower lows, suggesting a downtrend.
Sell Plan:
The plan is to initiate a Sell position in the range of 7730 - 7745.
Set the Stop Loss at 7770 to manage risk.
The Target is set at 7670.
Key Observations:
The identified range for selling aligns with the current downtrend pattern.
Risk management is essential; hence, the Stop Loss is placed to limit potential losses.
Important Note:
Stay vigilant for any price reactions and be prepared to adjust the strategy based on market dynamics.
Remember, trading involves risks, and it's crucial to have a well-defined risk management strategy. Best of luck with your trade! 📉💹 #FTSE100 #MarketAnalysis #TradingStrategy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.