UK100 FTSE - SHORT - 7:1 Win vs Risk trade idea

Hello all

Following last weeks short that played out well, now it has broken through the trend line, i expect it to follow the route i have mapped out for it on the chart.

To head lower to ultimately get to 6750 as it cycles lower.

If it breaches and closes below 6500, we have a bear market (however thats a long way off and we don't know until it prints beloiw and retests it)

I have taken this trade however do expect it to potentially pull back first thing tomorrow before heading south soon after.

I have set a sell limit slightly higher to get me in on a second entry. (around 7410)

Depending on the BOE tomorrow lunch, this could plummet.

Trade safe and thanks for reading

Duncan

Transaction en cours:

Hi All

Trade reacted well to dynamic support which has now turned into resistance. Lets see how tomorrow plays out, i think on the open it will drop lower in line with what we say with JPY pairs today. = potential for some profit taking so i expect it to close the gap over Tuesday into Wednesday and then continue lower.

Transaction en cours:

Hi All, trade is playing out well, I do expect another pull back soon, however with the strength of how Tuesday closed, it could jump lower without any pullback

Transaction en cours:

Hi all, I am trailing my stop on this now on the 1 hour chart as I think it could pull back tomorrow after seeing some bullish price action in JPY pairs. I do expect USDJPY to continue lower so will monitor,.

Trade fermée manuellement:

Hi all, I closed my trades at 7241, I'm expecting it to go back to the 7290 area before moving lower again - where I will enter short again

Transaction en cours:

Hi all, i had a sell stop at 7185 which triggered this afternoon the same time Gold went long. managed to get a 1.25 : 1.

Trade fermée manuellement:

HI all, should have said trade was closed on the 14th of may as well