Have entered long at 71.00 on news that New Zealand have reduced their lockdown restrictions from level 2 to level 1 except for in one state.
This is coupled with a positive risk tone due to AstraZeneca resuming their phase 3 trials.
This is primarily a day trade mostly supported by risk sentiment. If we cleanly break 71.00 then I will hold a bit longer with stop at break even and target of 72.00.
If price bounces off of 71.00 then I would like for another entry maybe around 70.80.
This is coupled with a positive risk tone due to AstraZeneca resuming their phase 3 trials.
This is primarily a day trade mostly supported by risk sentiment. If we cleanly break 71.00 then I will hold a bit longer with stop at break even and target of 72.00.
If price bounces off of 71.00 then I would like for another entry maybe around 70.80.
Trade closed manually:
Closed at a £5 profit in the end after sitting through a long drawdown. Have closed at 71.80 which are pandemic highs.
Need markets to turn back to risk on and equities to turn to the upside. Markets may start to turn more risk off building up to the US elections.