TradewithLu

UK 100 short term trade opportunity (Short)

Short
OANDA:UK100GBP   UK 100
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I have already entered this trade with an entry price of 5475.7.
My stop loss is at 5560.4
Take profit is 5361.3
The risk to reward ratio = 1.351

I am about 70% confident with this trade, so I have lowered my risk a bit on this, and if the price does drop to my take profit I will go long from around the price of 5360, so keep an eye out for that analysis.

Comments

looks like its retracing to 5500 area I guess have to wait for US unemployment claims
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