UK 100Short
Uncertainty is precipitating selling. Volume is low. FTSE down
As expected the FTSE is trading lower within the ascending channel. I am looking for a further entry around the 4h200 ema. Omicron fears are the fundamental precipitant alongside the slow down for christmas.
I will be looking for a close below the 4h200 on this candle and will then await a retest of the MA or any MA on the 1 hour time frame below the white line. I expect this to occur within the next 24 hours and I will be looking to take profit around the 7050 area. Expect consolidation around 7010-7020 due to the major daily MAs coming in to play.
Trade Safe
I will be looking for a close below the 4h200 on this candle and will then await a retest of the MA or any MA on the 1 hour time frame below the white line. I expect this to occur within the next 24 hours and I will be looking to take profit around the 7050 area. Expect consolidation around 7010-7020 due to the major daily MAs coming in to play.
Trade Safe
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.