UK100 is going to buy because we have a break of structure for potential upside movement, (DAILY STRUCTURE)
UK100 Ascending Triangle Long Position Entry: £6,861.3 TP & RR: £7,036.9 (2.21) Stop Loss: £6,781.8 REASONS FOR THE TRADE Unfortunately, this is not a trade that I will take since I already have enough positions for the day and my system prohibits me from being overexposed. From a technical point, this seems like a sound trade - testing lower trendline in...
Following inline with DAX30, we see some willingness in this asset to trade higher, wanna see price breakout out of the compressed wedge to enable us take more buy positions
Please support this idea with LIKE if you find it useful. Price formed a Bearish Flag and was rejected of the higher boundary of the Pattern. In case there is a breakout of the Mid line of the pattern we can initiate a short position. Also if there is a breakout of Bearish Flag to downward we can initiate a short position Thank you for reading this idea! Hope...