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mshamjad

$FTSE100 Getting ready to be shorted on Monthly Chart

Short
FTSE 100 Index (FX:UK100)  
mshamjad  
FX:UK100   FTSE 100 Index
8
0
Looking at the monthly chart on $FTSE100 we are now sitting on previous all time high . Failing to continue its uptrend .

I will wait to see where the monthly candle finishes. If it finishes below 7130 , I think there's a very good case of shorting this.

Stop loss can be above the monthly candle at 7350, fist target 6900 , if that breaks then 6500 .
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