GBP Pairs and the UK 100 FTSE Index will be the key focus with the upcoming "meaning vote" happening later today. We are expecting the UK 100 to test the level at 7035 with a price spike before heading down to retest the support level at 6750.80. 7035 level will be a key zone to determine the upcoming trend for FTSE 100. Prior to the break-down of price at this level, heavy distribution seen and we expect price to hold when approaching this level.
A break above 7158.90 will invalidated our analysis. Due to extreme volatility expected, it is wise to be nimble in your lot size.
EP: 7035.00
SL: 7158.90
TP: 6750.80
Good luck in your trading journey!
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by NourCapital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
A break above 7158.90 will invalidated our analysis. Due to extreme volatility expected, it is wise to be nimble in your lot size.
EP: 7035.00
SL: 7158.90
TP: 6750.80
Good luck in your trading journey!
Best Regards,
NourCapital - Tracking Smart Money Flow
Disclaimer:
The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by NourCapital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Order cancelled
Although price has hit our target level, we were not triggered by the market at 7035. Cancel the trade.
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.
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.