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UnknownUnicorn772665
Apr 17, 2020 6:44 AM

FTSE100 Short Trade *TL Break & Retest* Short

OANDA:UK100GBP60
UK 100OANDA

Description

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Nice break and retest of bullish TL on FTSE100

At this 5800 level there is also the fib 0.618 and previous S/R zone. I am looking to trade this one down to new intraday lower lows around 5400.

Profit target 1 is at previous lows and key level 5500

Trade active

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Comment

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Good resistance now formed at entry zone. Looking to trade this down to profit targets as shown on the chart :)

Comment

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SCALE IN SHORT POSITION ADDED @ 5750 22/04/2020
Trend AnalysisChart PatternsWave AnalysisUK100 CFDftse100stocktradingFibonacci Retracement
Comments
rizwanisap17
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Thanks I’m out of this now enjoy your profits
UnknownUnicorn772665
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@rizwanisap17, Good trade mate :) enjoy!
rizwanisap17
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Just entered this trade now at CMP
UnknownUnicorn772665
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@rizwanisap17, Lovely job, 5800ish?
rizwanisap17
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Thanks for your analysis I had something similar on Friday but ended up closing as i don’t like keeping trades open on the weekend. But now it has come back towards my entry I will be entering again when the market opens. Thanks for the analysis makes it more comfortable when a pro has similar analysis.
UnknownUnicorn772665
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@rizwanisap17, Looks good to drop this week
rizwanisap17
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@Charlieab94, yes thanks for your analysis
rizwanisap17
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Thanks for this I have reentered again
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