UK 100 IndexShort
Risky trade
This doesnt really qualify as a low risk trade, but we could see a potential double top here, and maybe a breakout of the triangle.
If breakout happens to the downside, which is indicated by todays close and RSI overbought, TP would be at horizontal resistance, possible lower.
If breakout happens to the downside, which is indicated by todays close and RSI overbought, TP would be at horizontal resistance, possible lower.
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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.