UK100 - In preparation for the GDP & Inflation data

Jan 13

Hi guys we would be taking a look next into the FTSE - "UK100" - Previously we caught a good momentum with this trade, and this is what we are aiming to achieve today as well.Currently on 1H and 4H the RSI indicator is showcasing very oversold levels, so we are looking into a good swing trade into the reversed ascending channel. Additionally by the end of the week we have a few very important fundamental news in the eyes of the GDP data and Inflation level, hopefully that would be helpful for us to reach our goal.

Entry: 8,227
Target: 8,340

As always my friends happy trading!

P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!

Jan 16

Trade closed: target reached

Target has been reached

I personally opened the trade with 10 contracts and it made - 1,283€

Congratulations to everyone who participated!