UK 100 Plan Long

UK 100 INDEXTVC

Description

⋅ Nov 30, 2021 8:14 PM

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Here we have our UK 100 (FTSE) chart.

This is an asset I trade daily.

With the current news sentiment we have seen a fast and sharp move down followed by a swift rebound. we are at Key MA's and some good support.

We are looking to get long again. TGT area is noted by the Blue arrow on the chart.

Comments

giotaylor1000

⋅ Dec 1, 2021 1:26 AM

Hey buddy, sounds good but I feel there is a further drop before the Long comes into play. I feel target price going short is 6,920 for now.

WillSebastian

⋅ Dec 1, 2021 8:24 AM

@giotaylor1000, hey Target hit this morn for gains so now looking short :)

giotaylor1000

⋅ Dec 1, 2021 9:35 AM

@WillSebastian, spot on mate well done, as I did feel it would climb to 7,150 test and then retrace back down. I’m short as I’m confident it will drop below 7,000 and then target 6,930. Good luck

WillSebastian

⋅ Dec 1, 2021 9:40 AM

@giotaylor1000, A few key zones to break before then, but 7K and lower is nice for long

giotaylor1000

⋅ Dec 1, 2021 9:42 AM

@WillSebastian, yes totally agree asking as market fundamentals don’t through anything crazy out at us lol. Long around that price would be decent.

WillSebastian

⋅ Dec 1, 2021 11:19 AM

@giotaylor1000, Yes especially with the news at the moment. lots to play out over the next couple of weeks.