SaeedRehman
Long

Long on the UK100

FX:UK100   The FTSE 100 Index
15 0 1
Price has broken the daily trendline and began to go in a range, trying to push higher, but was pushed lower. This took out the stops and price dropped. I got real scared thinking this is going to plummet. The price instead respected the new support level and also retested the daily trend line .

It has since shot up and it looking to push higher. I am currently long and hope to exit around the 1.272 level. My stops are below the new support level .

Thanks to Alexander_Nikitin, Akil Stokes, Lewglasgow, Chartistry and many others that have liked my charts & for their insights and really to all of the trading view community. I would not have learnt anything if it wasn't for the generosity of you guys. I am below a novice and still learning how to define patterns, but its all about reading the charts. Fibs and patterns aid you - I really want to learn the advanced patterns, I'm slowly doing this.

Would love your feedback or comments
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