M-royce
Short

UK100 Index Sell on anticipation of Head & Shoulder ??

OANDA:UK100GBP   UK 100
Reason to Sell

1) 7190 - 7251 = resistance area
2) Lower low = Weak buying = stronger selling

I agree with your short bias, however its concerning you would take a position on a 'potential' chart pattern. The idea of chart patterns are they indicate a bias once formed, not before. Remember to trade 'what you see, not what you think'

This is my assessment of the market and WHY I think we will see a sell off.

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