wol3003

UK100GBP SHORT

Short
OANDA:UK100GBP   UK 100
UK100GBP is at a key resistance level , as well as being at the peak of a bear flag on pivot 5, RSI 2 & MFI 7 showing massively over-brought, I think there's only one way from here, down. expecting 65.98 eventually, but you can pencil in 71.50 as TP1.

good luck, see you at the bottom.
Comment: Well it hasn't dropped as quick as I would have liked, however the TP1 at 71.50 was hit quickly and gave a nice little 96pip run.
Comment: Typo---- originally expecting 69.58 apposed to what I wrote as 65.98, only just noticed that.
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