Charlieab94
Short

FTSE100 Short Trade *TL Break & Retest*

OANDA:UK100GBP   UK 100
Nice break and retest of bullish TL on FTSE100

At this 5800 level there is also the fib 0.618 and previous S/R zone. I am looking to trade this one down to new intraday lower lows around 5400.

Profit target 1 is at previous lows and key level 5500
Trade active
Comment: Good resistance now formed at entry zone. Looking to trade this down to profit targets as shown on the chart :)
Comment: SCALE IN SHORT POSITION ADDED @ 5750 22/04/2020
For more technical analysis and FREE trading education, please check out my blog site https://diaryofafinancekid.com

Comments

Thanks I’m out of this now enjoy your profits
+1 Reply
Charlieab94 rizwanisap17
@rizwanisap17, Good trade mate :) enjoy!
Reply
Just entered this trade now at CMP
+1 Reply
Charlieab94 rizwanisap17
@rizwanisap17, Lovely job, 5800ish?
Reply
Thanks for your analysis I had something similar on Friday but ended up closing as i don’t like keeping trades open on the weekend. But now it has come back towards my entry I will be entering again when the market opens. Thanks for the analysis makes it more comfortable when a pro has similar analysis.
+1 Reply
Charlieab94 rizwanisap17
@rizwanisap17, Looks good to drop this week
+1 Reply
rizwanisap17 Charlieab94
@Charlieab94, yes thanks for your analysis
+1 Reply
Thanks for this I have reentered again
Reply
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