Hello fellow traders,
This idea is based on the Descending trend and price level of resistance marked in shaded red colour, also the most recent inflation figures being 0.5 worse than expected suggest we are in worse reality than everyone thinks, there is also an option for the market to hit another high before falling hence the s/l at circa 4050 once the daily candle closes above I shall not keep the trade open, and this is a good advise for everyone- protect your capital, have a t/p at least 2, 3 times over the loss that you're willing to handle, remember- this is just an idea not a trading advise
good luck
This idea is based on the Descending trend and price level of resistance marked in shaded red colour, also the most recent inflation figures being 0.5 worse than expected suggest we are in worse reality than everyone thinks, there is also an option for the market to hit another high before falling hence the s/l at circa 4050 once the daily candle closes above I shall not keep the trade open, and this is a good advise for everyone- protect your capital, have a t/p at least 2, 3 times over the loss that you're willing to handle, remember- this is just an idea not a trading advise
good luck
Comment:
awaiting todays news which will validate the current trend
Trade closed: stop reached:
stop reached last week