Description
⋅ Short entry below 6870, stop 6960, target 6700 (23.6% Fib retracement area or lower channel's range value).
Trade active
⋅ Trade active
⋅ FTSE has repeatedly tested static level 6870 and opened below it on Wednesday. Expecting intraday decline down to 6790 (S3).
Trade active
⋅ FTSE targets 6770/80 area on the downside.
Comment
⋅ Close at short term support 6780. Re enter sell trade below lower channel band.