This is a long term view based upon one very important principle.
Why are we selling?
Price is expensive and volatile - during the election process in the US, the worlds relationships are affected
The election is coming closer <45 days.
The S&P500 and NAS100 are not shown here but use reference for our previous ideas to show where price has reached our over exposed markers.
The stocks have recovered well from a V - shaped recovery, but the Gap fill has not occurred.
Covid 19 - second wave has concerned EU governements - with further pumping of money to "control" the costs of job losses and curb closures.
We have established a great supply or essentially a strongly overvalued market again in quick succession, however price will be giving some good areas to sell.
Particularly a break of 13,000 down to 10,000 and beyond for an extension.
Pay close attention to the markets like CAC, IBEX FTSE MIB and FTSE UK - all are showing signs of weakness and poor price action.
The monthly shows us a perfect area which we are currently in to go short.
Keep your average price consistent when closing out profits or losses - this is important in trade management.
We are not selling at random times, there is a reason for this at specific levels. Because the market shows these levels.
The trade we will be taking is the least path of resistance.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.