The UK100 was trading in a range for the last couple of months and now is trading near the top of the range, we could have a good opportunity to short it at 7420-450 technically we have more than 70% probability for this trade to be accurate
The range is between 7060 and 7425 , and the UK100 is at 7385 right now we could wait a little to short it somewhere between 7400 and 7425 to target 7060 again
My strategy if to short it with a first line now at 7385 and a second line between 7400-7425 with a stop loss at 4760 and a target at 7240 this scenario is invalid if we close above 7450
The range is between 7060 and 7425 , and the UK100 is at 7385 right now we could wait a little to short it somewhere between 7400 and 7425 to target 7060 again
My strategy if to short it with a first line now at 7385 and a second line between 7400-7425 with a stop loss at 4760 and a target at 7240 this scenario is invalid if we close above 7450
Trade closed: target reached