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wol3003

UK100GBP SHORT

Short
UK 100 (OANDA:UK100GBP)  
wol3003 Updated   
OANDA:UK100GBP   UK 100
Trend Analysis Chart Patterns Wave Analysis UK 100 uk100short uk100_setup Bearish Flag
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trendanalysis chartpattern waveanalysis uk100gbp uk100short uk100_setup bearishflag
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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