UK100 Bearish 4H TF(Divergence, BOS, Resistance)UK100 showing bearish momentum supported by 4H divergence with recent Break of Structure (BOS) and strong resistance. Entry is placed as Sell Stop below the previous LL. TP is at 1:1 and SL at previous HH.
Note: You can close half of the position at 8098 level (if you are not comfortable with price going more down).
What do you think, will it work?
Uk100sell
UK100 - Short Trade Idea - 7150 targetUK100, 15m Sell
Entry - 7192.8
Stop Loss - 1207.4 (14.4 pips)
Take Profit - 7152.8 (40 pips)