LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV, SIRIUS MINERALS PLC ORD 0.25P, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, TCG
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
If this is a fake break, this is a nice opportunity to go short. Two potential entry points have been identified. 1. Price breaks below support and retests giving a short signal. 2. Price bounces off support and structure forms a head and shoulders pattern giving a short signal.
Huge resistance ahead which price has rejected several times. Formation of a doji candllestick further indicates price will bounce off this level once again.
Risk reward is over 1:5. Even more conservative traders may wish to place their stops just below the previous daily low.
Good opportunity to go short to see previous range retested. Low risk with stop loss above two previous daily candles. Target is high of previous range.