I find myself back into a hedging position with no idea why the FTSE pushes on at the moment. I was not expecting a break out of the ascending channel never mind a close above the superior S+D zone
I find myself back in the hedge from last week. As mentioned, the fundamentals are not making sense to me at present so this is a purely technical management of my losing positions at present. I fully expect to take a hit on them now.
As per the crayons I will be looking to see how the rest of the week plays out. I will be looking for some form of price retest in the S+D zone/Channel High and a continuation to the all time high. The alternative idea is price rejection of the aforementioned S+D zone, Re-entry into the channel and a continuation of the trend.
Trade Safe!
I find myself back in the hedge from last week. As mentioned, the fundamentals are not making sense to me at present so this is a purely technical management of my losing positions at present. I fully expect to take a hit on them now.
As per the crayons I will be looking to see how the rest of the week plays out. I will be looking for some form of price retest in the S+D zone/Channel High and a continuation to the all time high. The alternative idea is price rejection of the aforementioned S+D zone, Re-entry into the channel and a continuation of the trend.
Trade Safe!
