TradingView
WhosPipsAreTheseAnyway
Aug 8, 2022 9:28 AM

SHORT FTSE 100 Short

Description

Short FTSE 100 @ 7450
TP: 6900
SL: Around 7700

The UK has many problems involving the PM, energy, cost of living crisis, recession, inflation and a devaluing currency. Normally GBP weakness was beneficial for the equity index however, the correlation has broken down. THE BOE has admitted that we face 5Q's of recession ahead and I cannot see how that is positive for stocks. I have therefore sold into this rally and will look for sub 7k lvl to TP.

This trade could take a few months but I am happy to sell into this rally.

Good luck! ;)

Comment

Ftse short running at +200 pips in profit
Comments
WhosPipsAreTheseAnyway
Trade running +300 pips in profit
WhosPipsAreTheseAnyway
Ftse short running at +200 pips in profit
More