Bearish UK100 D1
Updated
Just from my technical analysis I see a bearish movement is the works for many of the indices. But for now I'm covering the UK100. the UK100 has hit a quadruple top so it needs some thing to help it breakout so that would be the rat decision next week and the CPI on Jun 22 2022. Boris Johnson no confidence vote could have been a bearish catalyst so lets see where that goes. So for now I'll defer to the technicals. Does the UK100 follow Sell in May and go away? tell me in the comments.
I have an entry @ 7549 SL @ 7775 my 1st TP @ 7290 and 2nd TP @ 6980.
I have an entry @ 7549 SL @ 7775 my 1st TP @ 7290 and 2nd TP @ 6980.
Trade active
Reduced position by half ahead of US CPI dataTrade closed: target reached
TP1 reached all out
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.