Uk100 FTSE Short Opportunity - 4 : 1 Reward vs Risk
Updated
Hello All
Following watching trades from last week start to play out, I am expecting the FTSE 100 to follow lower in the coming days.
This is based on it reaching a key level of resistance which I expect will result certainly in a short term correction. - We are still in a bullish overall trend at present though.
I am expecting to see a bearish engulfing candle at resistance on the 4hr chart then maybe a double top resulting in a lower high.
Thanks for reading
Duncan
Following watching trades from last week start to play out, I am expecting the FTSE 100 to follow lower in the coming days.
This is based on it reaching a key level of resistance which I expect will result certainly in a short term correction. - We are still in a bullish overall trend at present though.
I am expecting to see a bearish engulfing candle at resistance on the 4hr chart then maybe a double top resulting in a lower high.
Thanks for reading
Duncan
Trade closed: target reached
Target reached and is now cycling lower. More short entries have been taken
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