FTSE 100 Long
Mis à jour
Hello guys.
According to the higher timeframe of this index (1D), the trend is forming a falling flag, which might be a strong indicator of a bullish momentum.
According to the lower timeframe(1H), there is a formation of a falling flag, which has been completed and the index has broken out of the trend forming a bear trap. I anticipate that the price might reverse and a bullish momentum might start.
Also, the market client sentiment indicate that most traders are shorting the index(80%) and we are aware that the price moves against the crowd.
My entry position is at 7440, TP targets at 7490, 7540 and 7590. My stop loss is at 7390. My R:R target is 1:3.
Remember, risk only 1-2% of your account and when the first target is hit, move your SL above the entry point!
According to the higher timeframe of this index (1D), the trend is forming a falling flag, which might be a strong indicator of a bullish momentum.
According to the lower timeframe(1H), there is a formation of a falling flag, which has been completed and the index has broken out of the trend forming a bear trap. I anticipate that the price might reverse and a bullish momentum might start.
Also, the market client sentiment indicate that most traders are shorting the index(80%) and we are aware that the price moves against the crowd.
My entry position is at 7440, TP targets at 7490, 7540 and 7590. My stop loss is at 7390. My R:R target is 1:3.
Remember, risk only 1-2% of your account and when the first target is hit, move your SL above the entry point!
Transaction en cours
Trade fermée: cible de profit atteinte
TP 1 and 2 HitTrade fermée: cible de profit atteinte
All Targets HIT!!
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.