This is the first time I traded FTSE. I used the same theory as trading FX and here is what I saw.
1) The high of last week was present at 7581
2) There was a nice harmonic pattern to sell
3) M15, M30 and H1 divergence in place.
The pair is now oversold. I have taken half the profit out after learning a tough lesson from the last 3 trades :). Switched to breakeven and hoping for a bigger drop.
04/05/22 DEAL FTSE 100 Cash (SD1) SD SD30.10
Funds: SD10,243.03
1) The high of last week was present at 7581
2) There was a nice harmonic pattern to sell
3) M15, M30 and H1 divergence in place.
The pair is now oversold. I have taken half the profit out after learning a tough lesson from the last 3 trades :). Switched to breakeven and hoping for a bigger drop.
04/05/22 DEAL FTSE 100 Cash (SD1) SD SD30.10
Funds: SD10,243.03
Trade closed manually:
Close this trade manually as there was a double bottom in M15.
04/05/22 DEAL FTSE 100 Cash (SD1) SD SD17.20
Funds: SD10,260.23
04/05/22 DEAL FTSE 100 Cash (SD1) SD SD17.20
Funds: SD10,260.23