UK100GBP Bearish Divergency / Resistance Zone,DOJI candle SHORT
Hi Investors and traders,
This idea is based on a support/resistance zone with technical indicators such as RSI see bearish divergency formed and 1D Doji candle .
In addition with unemployment data being published and overall look of the oversold market and signs of recession I am opening a short position, please do not take it as a trading advise it's just my idea :) The s/l above the red zone and t/p at support as shown, 2.8 profit ratio!
This idea is based on a support/resistance zone with technical indicators such as RSI see bearish divergency formed and 1D Doji candle .
In addition with unemployment data being published and overall look of the oversold market and signs of recession I am opening a short position, please do not take it as a trading advise it's just my idea :) The s/l above the red zone and t/p at support as shown, 2.8 profit ratio!
Comment:
s/l moved to opening position and awaiting action, see my latest analysis 1H update on this
Trade closed: stop reached:
the price has gone back to my opening position, still very bearish on the indexes and will reopen my short on Monday