FTSE at a crossroad - Potential short term down play!
Simple yet effective.
Given the earnings so far from FTSE came out negative and the broad relief rally / dead cat bounce, I expect global indices to fall next week.
Should 61.8% fib level break and close higher, we may very well see ATH for FTSE so trade carefully with a very tight stop loss.
Given the earnings so far from FTSE came out negative and the broad relief rally / dead cat bounce, I expect global indices to fall next week.
Should 61.8% fib level break and close higher, we may very well see ATH for FTSE so trade carefully with a very tight stop loss.
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75% of TP reached on the Long. Position closed.
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