Trade Idea
We have a Gap open at 7700 from 28/06 to 01/07.
The rally was sold and the dip bought resulting in mild net gains yesterday.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
This has resulted in mixed signals and we prefer to trade a break.
We look to Sell a break of 7835
Stop: 7875
Target 1: 7750
Target 2: 7700
Updates
The move to 7835 triggered our short trade
Updated: 2019-07-05 13:43:17
We have a Gap open at 7700 from 28/06 to 01/07.
The rally was sold and the dip bought resulting in mild net gains yesterday.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
This has resulted in mixed signals and we prefer to trade a break.
We look to Sell a break of 7835
Stop: 7875
Target 1: 7750
Target 2: 7700
Updates
The move to 7835 triggered our short trade
Updated: 2019-07-05 13:43:17
Trade active:
We have lowered stop to 7815
Trade closed manually:
Traded to 7815 and closed for small profit
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