UK100 GBP Falling trend, DOJI candle, dropping volume- SHORT!
This idea is based mainly on the trend line. The price has reached the edge of the trend line and we can see a doji candle formed at 1D interval, also look at the dropping volume, I would say the correction has ended and the price is just about to drop, which would be in line with the recession we are experiencing but still fooled it's all fine and market is strong :D
The s/l above the trend line and the wick of the doji candle, t/p at 7100 being the support level and Fib 0.5
This is not a trading advice, just an idea, do your own research before you trade it, always protect your capital with a s/l
This idea is based mainly on the trend line. The price has reached the edge of the trend line and we can see a doji candle formed at 1D interval, also look at the dropping volume, I would say the correction has ended and the price is just about to drop, which would be in line with the recession we are experiencing but still fooled it's all fine and market is strong :D
The s/l above the trend line and the wick of the doji candle, t/p at 7100 being the support level and Fib 0.5
This is not a trading advice, just an idea, do your own research before you trade it, always protect your capital with a s/l