Short based on
1) Head and Shoulders formed.
2) Current tumble in other indices that will drag FTSE with it
3) a correction in recent drop of GBP may occur, there is an inverse relation (relatively) between the index and GBP, which will drag the FTSE down.
1) Head and Shoulders formed.
2) Current tumble in other indices that will drag FTSE with it
3) a correction in recent drop of GBP may occur, there is an inverse relation (relatively) between the index and GBP, which will drag the FTSE down.
Comment:
Update SL to 7550
Trade closed manually:
Exiting this trade due to monetary easing
Which will drive shared upwards
at 7422, 3.8% loss
Which will drive shared upwards
at 7422, 3.8% loss