I don't think the correction is over yet, we tested the 0.618 ret. of the recent up move.
Might be a good idea to wait for the 0.618 level (5945) to be re-tested and the stochastics to reach oversold again. That would be a better entry if it gets there again... (depends on each person's preference...)
SL below the low, 1st target either the AB=CD or the support level around 6048 (my preferred TP1), 2nd target to be decided, but 6109-6115 and 6164-6172 are good levels to target if it continues up...
Speculative trading the FTSE this close to the referendum so adjust position size!
Might be a good idea to wait for the 0.618 level (5945) to be re-tested and the stochastics to reach oversold again. That would be a better entry if it gets there again... (depends on each person's preference...)
SL below the low, 1st target either the AB=CD or the support level around 6048 (my preferred TP1), 2nd target to be decided, but 6109-6115 and 6164-6172 are good levels to target if it continues up...
Speculative trading the FTSE this close to the referendum so adjust position size!
Comment:
Setup failed with the SL on chart, still think we will get back to 6048 though...
Comment:
First target reached....
