UK100 - Short Term Sell Idea Update!!!Hi Traders, on March 20th I shared this idea "UK100 - Expecting The Price To Drop Lower Further"
I expected the price to drop lower further. You can read the full post using the link above.
Price dropped lower as expected!!!
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Uk100sell
UK100 - Expecting The Price To Drop Lower FurtherHi Traders, on March 11th I shared this "UK100 - Looking To Sell Pullbacks In The Short Term"
We expected to see correction prior to the bearish continuation. You can read the full post using the link above.
Price is moving as per the plan!!!
Based on the current scenario my bearish view still remains the same here.
We have bearish divergence in play based on the moving averages of the MACD and I expect the price to drop lower further until the strong resistance zone holds
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
UK100 Bearish 4H TF(Divergence, BOS, Resistance)UK100 showing bearish momentum supported by 4H divergence with recent Break of Structure (BOS) and strong resistance. Entry is placed as Sell Stop below the previous LL. TP is at 1:1 and SL at previous HH.
Note: You can close half of the position at 8098 level (if you are not comfortable with price going more down).
What do you think, will it work?
UK100 - Short Trade Idea - 7150 targetUK100, 15m Sell
Entry - 7192.8
Stop Loss - 1207.4 (14.4 pips)
Take Profit - 7152.8 (40 pips)