nivelij01
Short

UK100 On Strong Resistance

FX:UK100   FTSE 100 Index
UK100 is at the moment touching the strongest 7600 resistance line. There are now 2 topping tail which indicates rejection of closing the price higher. Also RSI (14) is currently nearing the overbought territory. If price can close around 7570 level, I'm planning to short it with profit target is somewhere around 7445, which is the previous strong support line.
Comment: Obviously no trade for this index as the price keeps moving higher. So I'm not going to watch this instrument further.
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