See above the buy limit order I have set up for the FTSE
From the Macro analysis I published in my last idea, I am expecting some downside for the FTSE over the next couple of months. Now to find a good entry!
As stated previously, I can see a test of the lower bound of the ending diagonal. EWT suggest we has just completed Wave C-1, currently in wave C-2 - a pullback to the 50% fib here is standard - h4 50/100/200 ma's have clustered just above the 618 fib. I have front run my order slightly due the the most recent strong bearish move to the downside.
Lets see can I get filled.
Good R:R for this trade. Once, my order is filled I will move my stop up to just above the local high to reduce my risk on the trade and increase the R:R.
Best of luck!
For more in-depth Analysis join me at - t.me/colgalcapital or follow me on twitter @ColGal92
From the Macro analysis I published in my last idea, I am expecting some downside for the FTSE over the next couple of months. Now to find a good entry!
As stated previously, I can see a test of the lower bound of the ending diagonal. EWT suggest we has just completed Wave C-1, currently in wave C-2 - a pullback to the 50% fib here is standard - h4 50/100/200 ma's have clustered just above the 618 fib. I have front run my order slightly due the the most recent strong bearish move to the downside.
Lets see can I get filled.
Good R:R for this trade. Once, my order is filled I will move my stop up to just above the local high to reduce my risk on the trade and increase the R:R.
Best of luck!
For more in-depth Analysis join me at - t.me/colgalcapital or follow me on twitter @ColGal92
