Signal_Centre
Short

FTSE - Selling a re-test of the channel

FOREXCOM:UKXGBP   UK 100 CFD
UK100 is Bearish - We look to Sell at 5965

▪️ Overnight price action has drifted lower and remains pressured by the medium term bearish bias.
▪️ Levels close to the 61.8% pullback level of 6000 found sellers.
▪️ Broken out of the channel formation to the downside.
▪️ We look for a re-test of the upward trending resistance.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5965, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.

Stop: 6015
Target1: 5665
Target2: 5500
FREE Telegram Group - https://t.me/SCFree
Premium Membership - https://bit.ly/2W7OAxp

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out