Consistently put yourself in the position to profit from high risk/return opportunities and you will find it difficult to lose money over time.
1/4 Risk Return.
Based in technicals & a bearish bias for equities...
I'm sure you can work out what we think price will do from or chart because we keep them so simple!
Yes we are expecting price to follow our trend line up to our zone ( blue box ) This is a long term outlook so don't get mardy if it doesn't hit our target in 1 hour.
Do it or regret it ;p
As you can see price is at a resistance level but has broken through or trendline, if price can break and close above our resistance we could be looking at a push to our zone ( red box )
We will have to wait and see how this trade plays out and update our clients accordingly.
Orders can be placed a few pips above resistance level, this way if we do get a break...
Entering short is possible from 6850 resistance area or after hourly close below red trendline at S2 level 6800. The following support zones for the index are 6770 and 6740 (as described in 4H chart).
Once FTSE 100 falls below 6740, we'll have extra short potential down to 6660.